Vanguard Australia announces executive changes

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Vanguard Australia has announced several changes to its executive team as two senior staff move into new roles with the firm’s US business.

Both Vanguard Australia head of distribution Michael Lovett and chief financial officer Daniel Shrimski have taken up new positions in the US, with Mr Lovett leading the business’ US registered investment advisor distribution channel.

Mr Lovett commenced with Vanguard in 2011 as the head of intermediary distribution and oversaw the integration of sales across all channels, subsequently becoming head of distribution in 2013.


Mr Shrimski has been named as Vanguard’s divisional chief financial officer for the US retail investor group, having been with Vanguard Australia since 2011 leading financial operations at both the management and statutory levels.

“These moves highlight the global growth of our business, and the strength of leaders in Australia,” said Vanguard Australia managing director Colin Kelton.

“Michael and Daniel’s respective work in Australia has been a significant driver of the business’ phenomenal growth across the past six years. The US based teams they will be leading stand to benefit greatly from their expertise and international perspective.”

Vanguard Australia’s current national sales manager for key account, platforms and research Matthew Lumsden has been named as the new head of distribution, replacing Mr Lovett.

“Matthew joined Vanguard Australia in 2014, bringing with him diverse experience gained in Vanguard’s European and Asian offices. He will be a valuable addition to the Australian executive team as we continue to build out our offering for Australian investors and advisers,” Mr Kelton said.


Vanguard Australia announces executive changes
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