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.
The $170 billion fund has announced an internal promotion to the newly created role.
Blue Owl Capital, a US asset manager with its eye on ‘marquee investors’ like super funds, has announced the appointment of a senior Future Fund executive as its newest managing director.
The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months.
The Association of Superannuation Funds of Australia has tapped an experienced public policy executive as head of policy and advocacy.
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