Vanguard Australia CFO takes on US role

Vanguard Australia has announced that its chief financial officer since 2011, Daniel Shrimski, will become the divisional CFO of the firm's U.S. retail investor group, effective January 2017.

In other executive changes, Michael Lovett, head of distribution in Australia, will take on a role leading the firm's U.S. Registered Investment Advisor distribution channel.

Commenting on the appointments, Vanguard Australia managing director Colin Kelton said: "Michael and Daniel's respective work in Australia has been a significant driver of the business' phenomenal growth across the past six years. The U.S. based teams they will be leading stand to benefit greatly from their expertise and international perspective."

The search for a new CFO will commence in the coming months, while Vanguard's current national sales manager of key accounts, platforms, and research, Matthew Lumsden, will succeed Lovett as head of distribution.