Vanguard Australia announced Daniel Shrimski will become its new Managing Director. The current MD, Frank Kolimago, who has led the Australian business since 2018, will be taking up a new role for the Vanguard group as Global Head of Talent Management based at the group's headquarters in Malvern outside Philadelphia in the US. The transition of roles will take place over the coming weeks.
Shrimski joined Vanguard's Australian business in 2011 as the company's Chief Financial Officer. He moved to the US in January 2017 to become the divisional CFO of the US Retail Investor Group, which comprises over $2 trillion in AUM and more than 7 million retail investors. Most recently he has been CFO for Vanguard's International business and a member of the International Leadership Team.
Shrimski has a wealth of experience both in Australia and the US in the financial services industry. Prior to Vanguard he spent 11 years at GE across Australia, US and the Netherlands. Prior to joining Vanguard, he was a Finance Director within GE Capital Australia's consumer finance division.
Vanguard has been serving Australian investors for the past 25 years both through advisers and institutions or direct to investors via its range of managed funds and market-leading ETFs. It recently announced plans to enter the superannuation market and work is well advanced for the launch of the new super fund in 2022.
Daniel Shrimski, Vanguard Australia
"It is an exciting time to be re-joining the Australian business," Shrimski said.
"Since I left Australia in 2017 the business has evolved significantly and with a stronger focus on working directly with investors and the advisers that serve them. The launch of Vanguard super next year will be an exciting step forward on that journey to help Australian investors achieve their financial goals.
"Vanguard has a long history in Australia and the support we have received from the financial advisory industry is testament to the value we aim to provide to investors through our low cost, diversified and long-term investment philosophy. It is humbling to see the growth in our ETF business in the four years since I left Australia and the trust that investors are placing in Vanguard. I couldn't be more excited for what lies ahead," said Shrimski.