Global investment manager Vanguard has announced several changes to its executive team in Australia. Two senior leaders will take on new roles based at the company’s U.S. headquarters.
In light of global rotations, Vanguard Australia’s current National Sales Manager, Key Accounts, Platforms, and Research, Matthew Lumsden, will join the Australian Executive team as the new Head of Distribution.
In this role Lumsden will lead the team responsible for the distribution of Vanguard’s managed funds and exchange traded funds (ETFs) to retail investors, institutional investors and financial advisers throughout Australia.
He has been with Vanguard since 2010 and held roles in London and Hong Kong. Prior to joining Vanguard he worked for Lazard Asset Management as the Head of Project Management in London, and Head of Legal and Compliance in Tokyo.
New CFO Search Begins
Michael Lovett, Head of Distribution in Australia, will take on a role leading the company’s U.S. Registered Investment Advisor distribution channel.
Lovett joined Vanguard in 2011 as Head of Intermediary Distribution, before overseeing the integration of the sales teams across all channels and becoming Head of Distribution in 2013.
Daniel Shrimski, Chief Financial Officer (CFO) in Australia will become the divisional CFO of the U.S. retail investor group.
The executives will transition to their new roles over the coming months, and Vanguard will begin a comprehensive search to recruit a new CFO for the Australian business.
