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Vanguard Australia announces new Managing Director

Vanguard | 05 June 2018


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Vanguard Australia has announced that Mr. Frank Kolimago will become Managing Director from August 2018.

The current Managing Director, Mr. Colin Kelton, who has led the Australian business since 2015, will be taking up a new role for the Vanguard Group as Global Head of Marketing based at the group's headquarters in Malvern outside Philadelphia in the United States. The transition of roles is expected to be complete by August 2018.

Mr. Kolimago is a principal and head of Vanguard Personal Advisor Services, which provides Vanguard clients with a comprehensive ongoing advice service offering.

He joined Vanguard in 1996 and has served in a variety of roles. In 2000, he moved to Japan to assist in establishing and managing Vanguard's Tokyo office. In 2003, Mr. Kolimago worked in the Institutional Division as a principal in Scottsdale, Arizona.

He returned to the Malvern, Pennsylvania campus in 2008 to lead teams that serve and support institutional retirement plan clients through a variety of postions.

In May 2015 he joined Vanguard Personal Advisor Services to lead the team just prior to the official launch of the service. Personal Advisor Services is a hybrid advisory service, combining a robust digital experience and sophisticated proprietary technology, with the counsel and oversight of a human advisor.

"The Australian business was the first established by Vanguard outside the US more than 20 years ago. Given the growth in the business over that 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," Mr. Kolimago said.

Mr. Kolimago earned a B.S. in finance from Saint Joseph's University and an M.B.A from Villanova University, and has completed the Advanced Management Program at the Wharton School of the University of Pennsylvania. Before joining Vanguard, Mr. Kolimago was a vice president in the corporate banking division of PNC Bank, N.A.