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
Recommended for you
JANA Investment Advisers has made several internal promotions and new appointments across its research team to bolster its position in the market.
SQM Research’s former head of research, Rob da Silva, has joined an investment consulting and analytics firm to drive the expansion of its research coverage.
AFCA has confirmed its chief operating officer, Justin Untersteiner, will be departing the organisation in March to take up a CEO role.
Minister for Financial Services, Stephen Jones, has announced he will be retiring at the upcoming federal election.
