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
Two former Statewide Super executives have been acquitted of dishonesty charges following a trial in the District Court of South Australia.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the institutional channel.
Australian Ethical has named its new head of equities, who previously spent 12 years at Perpetual.
The country’s sovereign wealth fund has unveiled a flurry of changes to its leadership team, including the appointment of a key executive role.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
215.17 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
4
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
60.93 3 y p.a(%)
