Vanguard Australia has announced that Frank Kolimago, a principal and head of Vanguard Personal Advisor Services, will take over as a managing director from August.
He would replace the current managing director, Colin Kelton, who has led the Australian business since 2015, and who would assume a new role for the Vanguard Group as global head of marketing at the firm’s headquarters in the US.
Kolimago joined the company in 1996 and has held a number of different roles, which included assisting in establishing and managing the firm’s Tokyo office and working in the institutional division as a principal, in Arizona.
In 2008, he returned to Pennsylvania to lead teams that served institutional retirement plan clients and in 2015 Kolimago joined Vanguard Personal Advisor Services, a hybrid advisory service which combined digital experience and proprietary technology, with the counsel of a human advisor.
“The Australian business was the first established by Vanguard outside the US more than 20 years ago,” Kolimago said.
“Given the growth in the business over time it is an exciting opportunity to be joining the business and building on the work that Colin and his predecessors have done serving Australian clients across the institutional, adviser and individual investor markets.”