Vanguard has made several leadership changes to its distribution team as it broadens out its adviser and retail direct business.
Current head of distribution, Matthew Lumsden, would depart the firm in June 2022 after 12 years to pursue other opportunities.
Rachel White had been appointed as head of financial adviser services and would join the Australian executive team. She was currently head of product enablement.
Rebecca Pope was appointed as head of retail transformation, moving from her position as head of intermediary.
The changes followed the completion of Vanguard’s exit of the institutional mandate market in late 2021, as part of the firm’s broader shift to building out its adviser and retail direct business.
Vanguard Australia managing director, Daniel Shrimski, said: “Under Matthew’s leadership Vanguard’s distribution business has gone from strength to strength, and on behalf of the business, I thank him for his many contributions to Vanguard, and wish him well with his future endeavours.
“It’s an exciting time for Vanguard in Australia, and these new appointments bring significant expertise and experience in overseeing areas of strategic growth and change as we continue to build out our service offering for individual investors and the financial advisers who serve them.”
