Challenger appoints Chief Executive funds management

Company News

by Anna Napoli

Challenger (ASX:CGF) today announced the appointment of Nick Hamilton as Chief Executive, Funds Management.

His appointment follows an extensive internal and external search to replace Mr Ian Saines who announced his intention to retire from the role in June.

Challenger says Nick has been a key contributor to the growth of its funds management business in recent years, having led the Australian multi-boutique business, Fidante Partners, since 2016.

Challenger’s Funds Management business has grown significantly with funds under management up $20 billion, and Fidante Partners making up $14 billion of this growth.

Shares in Challenger (ASX:CGF) are trading 1.03 per cent higher at $7.38.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.