Vanguard Australia head of super Michael Lovett, who led the launch of Vanguard Super to market in 2022 following a multi-year project to establish the fund, will exit the company at the end of the month.
Throughout 11 years at Vanguard, Mr Lovett held many senior roles across leading teams in Australia and the US. Before returning to Australia in January 2020 to establish the super fund, Mr Lovett headed up Registered Investment Advisor (RIA) Group in the US.
He had previously served as head of distribution for Vanguard Australia, leading the team responsible for the distribution of Vanguard’s products and services to the institutional and adviser markets in Australia.
Vanguard Australia managing director Daniel Shrimski said: “Michael’s expertise, motivation, and vision was instrumental in developing a superannuation fund which encapsulates Vanguard’s decades of expertise and experience in managing retirement savings to deliver on our mission to reshape super for the benefit of Australians and provide financial peace of mind.
“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 the succession of this role are well progressed and we look forward to sharing more details soon.”