Bell AM names new chief executive
Bell Asset Management has appointed former Vanguard superannuation head Michael Lovett as chief executive.
Lovett - who replaces Nick Fels in the top job - brings over 25 years of experience in the financial services sector, in Australia and internationally.
Most recently, Lovett launched and managed Vanguard Super in Australia, before which he spent over three years leading the firm's US-registered investment business.
He ran distribution in Australia before his stint in the US.
From 2005 to 2011, Lovett played a key role in establishing the Fidante business at Challenger, which now stands at $18 billion in assets under management.
Before that, he held several roles at HSBC Asset Management, including leading the sales teams across all segments in Australia.
Bell Asset Management chair Christine Feldmanis welcomed the incoming chief executive, saying that Lovett's extensive background in funds management and leadership positions will be invaluable as the firm continues to expand in Australia and international markets.
Feldmanis called Lovett "a seasoned executive" with a "proven track record" of building and leading high-performing teams.
Feldmanis said the new chief executive has years of experience establishing new businesses in complex environments and driving existing businesses forward.
"Michael's focus will be on enhancing and growing BAM's business capabilities while maintaining our commitment to delivering superior investment performance, market insights and client reporting," she added.
Lovett said: "I am thrilled to be joining BAM at such a pivotal time in their business. The team has done an exceptional job building the business to this point, and now we have a wonderful chance to take things to new heights."
As of 31 March 2024, Bell Asset Management managed $5.55 billion.
