Former Vanguard Super head lands CEO role at asset manager

16 April 2024
| By Laura Dew |
expand image

Bell Asset Management has appointed a new CEO, hiring Lovett, who launched the superannuation offering at Vanguard.

Bell initiated a CEO search in January to replace Nick Fels who will step down from the role after six years and has now appointed Lovett who will start on 15 April 2024.

Lovett spent more than a decade at Vanguard and launched its superannuation offering last year. He also developed the Fidante boutique strategy at Challenger where he worked for six years.

Vanguard Super was launched in November 2022 after several delays, but Lovett announced he would depart just three months later to “move on to the next chapter in his career”.

The superannuation offering is now run by chief of personal investor Renae Smith, who was appointed in July to work on the business’ retail strategy, client growth, member and investor experience, and operations. 

His focus at Bell will be on enhancing and growing its business capabilities while delivering superior investment performance, market insights, and client reporting.

As of 31 March 2024, Bell has $5.5 billion in assets under management.

Bell AM chair Christine Feldmanis said: “We are excited to welcome Michael to BAM as our new CEO. His extensive background in funds management and leadership positions will be invaluable as we continue to expand our presence in Australia and international markets.”

Lovett said: “I am thrilled to be joining BAM at such a pivotal time in their business. The team has done an exceptional job building the business to this point, and now we have a wonderful chance to take things to new heights.”


Add new comment

The content of this field is kept private and will not be shown publicly.

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

5 months ago
Kevin Gorman

Super director remuneration ...

5 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

5 months ago

The newly created role comes amid the fund’s ambitions to be a ‘merger partner of choice’ in the superannuation industry....

6 hours ago

Iress has issued an update denying the validity of “certain statements” made today by an alleged threat actor....

3 days 4 hours ago

The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month....

4 days 5 hours ago