Former Vanguard Super head lands asset manager CEO role

Bell Asset Management vanguard

16 April 2024
| By Laura Dew |
image
image image
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:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

1 week 4 days ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

2 months 1 week ago

Original bidder Bain Capital, which saw its first offer rejected in December, has returned with a revised bid for Insignia Financial....

4 weeks ago

The corporate regulator has named its new chief executive, who is set to replace retiring interim CEO Greg Yanco in March....

3 weeks 4 days ago

The FAAA has secured CSLR-related documents under the FOI process, after an extended four-month wait, which show little analysis was done on how the scheme’s cost would a...

3 weeks 5 days ago

TOP PERFORMING FUNDS