Vanguard Australia Head of Super, Mr. Michael Lovett, will leave the business at the end of February, having led the successful launch of Vanguard Super to market in 2022 following a multi-year project to establish the fund.

During his 11-year career at Vanguard, Michael has served in a number of senior roles across the business leading teams in Australia and the US, returning to the Australian business in 2020 to establish the super fund. Before taking on his current role in January 2020, Michael was Head of Registered Investment Advisor (RIA) Group at our Vanguard head office in the United States, responsible for leading the efforts of the RIA channel, as part of the broader Financial Advisory Services business.

Previously, Michael was 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.

Managing Director of Vanguard Australia, 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,” Mr Shrimski said.