Challenger’s funds management CEO to retire
Challenger Funds Management chief executive, Ian Saines is to depart the business.
The company has announced to the Australian Securities Exchange (ASX) that Saines has announced his intention to retire from Challenger later this year.
Saines has been with Challenger since March 2015 and is regarded as having played a key role in the success of the funds management business.
Commenting on the impending departure, Challenger managing director and chief executive, Richard Howes said Saines would retire confident in the knowledge that he had bult a talented team with the depth, strength and capability of continuing to grow the business and to capture opportunities ahead.
The announcement said Challenger had commenced an internal and external search for Saines’ successor.
It said Saines would work closely with his successor to ensure a smooth and seamless transition.
Recommended for you
Single adviser-led firms continue to expand their footprint in the Australian advice ecosystem, Adviser Ratings research shows, as market conditions prove favourable for boutique practices.
With HNW investors representing the largest market for alternative assets, Praemium and CoreData research underscores why this presents a compelling opportunity for advisers.
Having completed the successful integration of Diverger, Count has upgraded its forecast for expected synergy benefits achieved by the acquisition by a third.
Australia’s largest licensee has seen the biggest number of adviser losses over the past week, while the expected wave of new entrants has boosted overall adviser numbers.
