Former Vanguard exec named new CEO of Bell AM

Bell Asset Management (BAM) has ceased its search for a new Chief Executive Officer (CEO) with the appointment of former Head of Superannuation at Vanguard, Michael Lovett, to the position.

With close to three decades of experience under his belt, Lovett commenced as chief executive of the asset manager as of 15 April, after a three-and-a-half month search began in January of this year.

“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,” BAM Chair, Christine Feldmanis, said.

Lovett will spearhead the manager’s growth, development and implementation of its current investment capabilities and business strategies, as it looks to take on an ‘evolution’ approach rather than ‘revolution’.

“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,” Lovett said.

Lovett also played a key role in Vanguard’s US arm, as well as the inception and growth of Fidante, formerly known as Challenger Boutique Partnerships, to $18 billion in assets under management.