Vanguard has appointed three new executives to its Australian team, including the new head for its planned superannuation offering, for when the US fund management giant breaks into the local retirement savings market.
Former head of Vanguard’s Australia distribution Michael Lovett will be relocating from his current role in the US to take on the new super business in January, departing from where he is now in the company’s financial adviser services executive team.
Meanwhile Maxim Tambling has joined as head of human resources and Louise Eyres is set to commence as head of marketing in December.
All three individuals will report directly to Vanguard managing director Frank Kolimago.
“As the Australian business continues to develop our organisational capabilities in support of investors, financial advisers and institutions, we’re excited to welcome Louise, Maxim and Michael to bring a valuable mix of expertise and experience to Vanguard Australia,” Mr Kolimago said.
“Michael’s significant experience puts him in a strong position to lead our superannuation undertaking as we develop this new offer with both individual investors and financial advisers in mind.”
Mr Lovett has led the registered investment adviser channel in the US since the start of 2017, supporting relationships with financial advisers in the market.
Prior to that, he led the Australian segment’s distribution from 2013 to 2016.
The soon-to-be head of marketing, Ms Eyres, will lead a Melbourne-based team as Vanguard splits its product and marketing function into two more specialised functions.
Evan Reedman, who has led product and marketing for four years, will continue on to be the head of the product function.
Mr Tambling, the new head of human resources, was said to have 18 years of experience n his sector, having worked across the UK and Australia.
Vanguard held more than $8.3 trillion in assets under management as at 31 August, including more than $1.6 trillion in ETFs.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
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