Vanguard appoints new legal and compliance head
Investment management company, Vanguard Australia, has appointed Ashley Warmbrand as its new head of legal and compliance, who will join the group in October.
Warmbrand was most recently the head of risk and audit governance at National Australia Bank (NAB), where he also held a range of senior and legal governance roles since 2008, Vanguard said.
He had over 15 years' experience in financial and professional services sectors, and worked in organisations that included, Herbert Smith Freehills, Claredon Lawyers and Centro Properties Group.
Vanguard Australia's managing director, Colin Kelton, said Warmbrand would bring a great deal of experience to the critical role and the company would ultimately help deliver better client outcomes.
"We look forward to welcoming him to Vanguard in our milestone 20th anniversary year," Kelton said.
He would serve as a member of Vanguard's Australian executive team, and sit on the Vanguard Australia board as company secretary.
Recommended for you
Lonsec and SQM Research have highlighted manager selection as a crucial risk for financial advisers when it comes to private market investments, particularly due to the clear performance dispersion.
Macquarie Asset Management has indicated its desire to commit the fast-growing wealth business in Australia by divesting part of its public investment business to Japanese investment bank Nomura.
Australia’s “sophisticated” financial services industry is a magnet for offshore fund managers, according to a global firm.
The latest Morningstar asset manager survey believes ETF providers are likely to retain the market share they have gained from active managers.
