POWERED BY MOMENTUM MEDIA
Vanguard head of super to depart
Vanguard’s head of super, Michael Lovett, is to depart just three months after the firm launched its superannuation offering.
Lovett would leave the firm at the end of February, having previously led the firm’s efforts to launch a super offering.
Vanguard Super was successfully launched last November after several delays.
Prior to taking on the super role, Lovett had held a number of senior roles at Vanguard in Australia and the US including head of distribution for Vanguard Australia.
Vanguard Australia managing director, Daniel Shrimski, said: “With the fund now up and running, Michael plans to take some time out before moving on to the next chapter in his career, and he leaves Vanguard with our thanks and best wishes for the future.
“As we move from an establishment to growth phase of Vanguard Super’s journey, we will continue to evolve, responding to the changing needs of our members, embracing innovation and personalisation, and driving cost efficiencies that deliver better member outcomes. We will continue to build teams and foster leadership that supports our ambitious strategy in Australia."
Plans for succession of this role were “well progressed”, the firm said.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
The fund has hired a former ART executive as its new head of group strategy.
The sovereign wealth fund has revealed six internal hires to support the execution of key strategies.
The fund has announced the departure of a second senior executive in as many months, with its chief member officer to finish up mid-December.
The $89 billion fund has announced a new leadership role within its private markets team.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
