Former Vanguard Super head lands asset manager CEO role

Bell Asset Management vanguard vanguard super

16 April 2024
| By Laura Dew |
expand image

Bell Asset Management has appointed a new chief executive, hiring Michael Lovett who launched the superannuation offering at Vanguard.

Bell initiated a chief executive search in January to replace Nick Fels who will step down from the role after six years as CEO and has now appointed Lovett who will start on 15 April 2024. Lovett’s focus at Bell will be on enhancing and growing its business capabilities while delivering superior investment performance, market insights and client reporting.

Fels  joined Bell 15 years ago and held a variety of roles including chief operating officer and company secretary as well as president of Bell Asset Management (USA).

Lovett spent more than a decade at Vanguard and launched its superannuation offering. He also developed the Fidante boutique strategy at Challenger where he worked for six years.

Vanguard Super was launched in November 2022 after several delays, but Lovett announced he would depart just three months later to “move on to the next chapter in his career”.

The superannuation offering is now run by chief of personal investor, Renae Smith, who was appointed in July to work on the business’s retail strategy, client growth, member and investor experience and operations. 

As of 31 March 2024, Bell has $5.5 billion in assets under management.

Bell AM chair, Christine Feldmanis, said: “We are excited to welcome Michael to BAM as our new CEO. His extensive background in funds management and leadership positions will be invaluable as we continue to expand our presence in Australia and international markets.”

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.”

Read more about:


Add new comment

The content of this field is kept private and will not be shown publicly.

Recommended for you



sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry


Dear CEO and board, It's time to start some VERY HEAVY LOBBYING on behalf of advisers which could save your platform re...

15 hours ago

He is every thing ASIC said he was BUT How on earth did he expect to get away with it????? . these guy's who dip in...

17 hours ago
Chris Cornish

A tad optimistic from Morningstar. Adviser numbers are somewhat irrelevant; it all comes down to the platform and whethe...

18 hours ago

A former financial adviser has been banned by ASIC from providing financial services for inappropriate advice, among multiple breaches....

1 week 1 day ago

Treasurer Jim Chalmers has handed down his third budget, outlining the government’s macroeconomic forecasts and changes to superannuation....

2 weeks 2 days ago

Iress has announced it is strengthening its security settings after suffering an unauthorised access of its systems over the weekend....

2 weeks 3 days ago