Vanguard appoints new head to its Personal Investor business
Vanguard | 19 June 2020
Vanguard Australia announced today that Balaji Gopal, currently Head of Product Strategy for Vanguard Australia, has been appointed to the role of head of its Personal Investor business and will join the asset manager's Australian Executive Team.
Mr Gopal's appointment follows the return of Lori Mighton to Pennsylvania, United States following the successful launch of the Vanguard Australia's Personal Investor offer. Ms Mighton will be taking on a newly created role within the Vanguard Group's Enterprise Advice business.
Vanguard Australia's Managing Director Frank Kolimago said: "Balaji is well known to many through his work leading Vanguard Australia's Product Strategy team in long-term product planning, research, development and implementation. His deep experience in product implementation and execution strategy is the perfect mix of skills for our next Head of Personal Investor as we continue to challenge the status quo and provide Australian investors with more high value products and experiences."
Mr Kolimago said the moves continue to signal Vanguard's commitment to the ongoing development of talent by rotating executives through different parts of the global organisation.
"We would like to recognise the pivotal role Lori played in the building of Vanguard Personal Investor. Under her leadership, the team developed and launched an ambitious and future focussed digital offer for Australian investors. Lori has been a valued member of Vanguard Australia's Executive Team during her three years in Australia and we wish her the very best as she returns to the United States and embarks on her new challenge in the group responsible for Vanguard's cloud-based advice product platform," said Mr Kolimago.
With more than AUD $8.6 trillion in assets under management as of 31 March 2020, including more than AUD $1.6 trillion in ETFs, Vanguard is one of the world’s largest global investment management companies. In Australia, Vanguard has been serving financial advisers, retail clients and institutional investors for more than 20 years.
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