Benari to exit Challenger

Challenger chief executive, Brian Benari is retiring from the business and will be succeeded by Richard Howes.

The company announced Benari’s retirement to the Australian Securities Exchange today and said that he would step down from the Challenger board in January, next year, and would work with Howes over a six month period to ensure a seamless transition.

Howes is currently Challenger’s Distribution, Product and Marketing leader and has held a number of senior roles including chief executive of Challenger Life since he joined the business in 2003.

Prior to joining Challenger, Howes held senior positions with leading financial services groups in Australia and the US, including Macquarie Bank and Banker Trust.

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