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.