
From vision to Vanguard
More than 45 years ago, John C. Bogle had a bold vision to start an investment company that did things differently. A company with no external shareholders. Where all the profits were invested back into the business and used to lower costs. Evidently, it was as bold as it was brilliant.
To this day, Vanguard Group still has no external shareholders. That means no share prices to protect, and no profits to generate for outside owners.
Us, in a nutshell
Vanguard Group founded 1975 in the US
$10+ trillion in assets under management worldwide
19 locations worldwide
Vanguard Super launches November 2022
$104+ billion under management by Vanguard Investments Australia
800+ Vanguard Australia employees

Bringing 45+ years of global investment expertise to super
With our commitment to expert management, simple communication and transparent fees, it’s not hard to see why Vanguard Group is a force to be reckoned with in the investment world.
Years in the making
2020
After 25 years in Australia, Vanguard Group announces plans to enter into super
It’s already in our DNA
We’ve always helped our clients get the most out of their money – in the short-term, and as they prepare for the future. It’s this commitment that makes super such a natural fit for us. We’re bringing the same simplicity, insight and low-cost structure that we’re known for globally to your super portfolio.
2009
Vanguard Australia launches ETFs
Changing the way Australians invest
Vanguard Australia is driven by new ideas and new approaches to investing – always has been. In 2009 we launched our unique exchange traded funds (ETFs) for Aussie investors, and in 2019 we became the largest ETF issuer in the country.
2004
Vanguard Australia is the first fund manager to report after-tax returns
True transparency
When Vanguard Australia became the first fund manager in Australia to report after-tax returns, we gave our investors a clear picture of what we stood for. It might not seem like a big deal now, but when everyone else was avoiding the question, this bold commitment to transparency set us apart.
1998
Vanguard takes off in Australia
Hit the ground running
With twenty years of investment experience behind them, it was time for the Vanguard Group to spread its wings. In 1996, they established their very first office outside the US on Aussie soil, in Melbourne. Vanguard Australia was born. And in 1998, we were ready to launch Australia’s first index funds for retail investors.
1982
Vanguard starts helping Americans save for retirement
Super by another name
In the US, 401(k) plans are employer-sponsored pension plans that work much like super in Australia. Once these plans became common practice in the 80s, ‘Vanguard Group’ started offering investments and services to help Americans save for retirement.
1976
Vanguard launches first bond index fund for individual investors in the US
Changing the game for individual investors
From day one, Vanguard Group has been on a mission to empower individual investors. Only a year in, the first index managed fund for individual investors was launched. 1986 saw the launch of the bond index funds followed by the world’s first international stock index funds in 1990.
1975
Vanguard is born
A bold idea comes to life
On May 1, 1975, John C. Bogle brings his vision for a new kind of firm to life. Vanguard opened with 11 funds and $1.8 billion in net assets. Only a year later, the first index managed fund – known as Vanguard 500 Index Fund – was launched. Today, it’s one of the largest mutual funds in the world.
Board of Directors
We’re proud to have a strong Board of Directors leading and inspiring us every step of the way. Together, their collective experience and expertise helps Vanguard Super excel for its members.

Peggy O’Neal AO
Peggy has a long, distinguished career in superannuation and financial services law. She was a partner at Herbert Smith Freehills, has advised on superannuation for the Federal Government, and consulted on the Government’s Stronger Super reform package. In 2019, she was awarded an Officer of the Order of Australia (AO) for her service to AFL, superannuation, finance law, and women in leadership. Peggy was appointed as Director and Chair on 19 August 2020.
Qualifications:
- BA (Virginia Polytechnic Institute and State University)
- JD (University of Virginia)
- Diploma of Superannuation Management (Macquarie University)
- Honorary Doctor of Laws (Swinburne University of Technology)
- Fellow of the AICD
- Officer of the Order of Australia (AO)

Anne Flanagan
Anne brings a wealth of board-level experience in superannuation and financial services. In a career spanning 35 years, she’s been the Chief Financial Officer at RACV, Alternate Director and member of the Finance and Audit Committee at Australian Super, and a Non-Executive Director of ANZ Staff Superannuation. Anne was appointed as Director on 6 April 2021.
Qualifications:
- Chartered Accountant
- Bachelor of Science (LSE)

Jeremy Duffield
Jeremy’s involvement with Vanguard spans 30 years, most notably as Vanguard Australia’s founding Managing Director. He has held past roles as Chair of the Australian Centre for Financial Studies, and a member of the Federal Government’s Financial Sector Advisory Council. In 2012, Jeremy co-founded SuperEd, a business focussed on helping Australians plan for their retirement. Jeremy was appointed as Director on 19 August 2020.
Qualifications:
- BA Economics (University of Virginia)
- Program for Management Development (Harvard Business School)
- Graduate, AICD

Cynthia Lui
Cynthia joined Vanguard in 2008 and has more than 20 years of experience as a legal adviser in the investment management sector, most recently as Vanguard’s Head of International Legal and Compliance. She was also a member of Vanguard’s International Executive Team. She retired from Vanguard in August 2022 and remains on the Vanguard Super Board. Cynthia was appointed as Director on 22 February 2021.
Qualifications:
- LLB (University of Melbourne)
- Bachelor of Commerce (University of Melbourne)
- Master of Laws (University of Melbourne)
- Graduate Diploma in Management (Melbourne Business School)
- MBA (Melbourne Business School)

Colin Kelton
With over 30 years of experience at Vanguard, including three years as Managing Director of Vanguard Australia, Colin has led and managed teams across the Vanguard Group. Along with his Board position, Colin is also Vanguard’s Global Head of Marketing. Colin was appointed as a Director on 15 December 2021.
Qualifications:
- BA Economics (Pennsylvania State University)
- MBA (Drexel University)
- Advanced Management (Harvard Business School)
Super leadership team
Our leadership team is committed to reshaping superannuation for the benefit of all Australians and driving the best retirement outcomes for our members.

Daniel Collard
Daniel is responsible for overseeing the design and development of the Vanguard superannuation product offer. Daniel joined Vanguard in 2012 and has over 15 years-experience in the wealth management industry in product management, legal and governance roles. Daniel was appointed as Head of Portfolio Product Offer on 25 July 2023.
Qualifications:

Rachel Reynolds
Rachel is responsible for enabling the delivery of a superior member experience through partnerships with Vanguard Super’s providers. Rachel has 25 years of experience working in senior operational roles across the financial services industry including superannuation, financial advice and insurance. Rachel was appointed as Head of Operations, Vanguard Super on 8 April 2020.
Qualifications:
- Diploma in Financial Services, Financial Planning (Kaplan)
- Advanced Diploma in Financial Services, Superannuation (ASFA)

Craig Stevens
Craig is responsible for the growth and development of Vanguard Super’s business strategy. Craig has over 30 years of experience in financial services and has previously held senior leadership roles at industry super funds. Craig was appointed as Head of Strategic Growth, Vanguard Super on 10 June 2020.
Qualifications:
- Bachelor of Commerce
- Graduate, AICD

Sue Wallace
Sue is responsible for the operation of the Superannuation Trustee office to ensure fiduciary and statutory obligations of the Trustee are upheld. Sue brings 30 years of financial services experience in senior leadership roles across both superannuation and non-superannuation products. Sue was appointed as Head of Office of the Superannuation Trustee on 8 August 2022.
Qualifications:
- Graduate, AICD

Ros McCallum
Ros is responsible for the design and oversight of the Finance service delivery for the Super business. Ros is a senior finance leader with over 20 years’ experience in the Superannuation and Funds Management Industry in Australia, US and UK. Ros was appointed as Financial Controller – Superannuation on 4 August 2021.
Qualifications:
- Bachelor of Commerce
- Chartered Accountant