Challenger has internally appointed Nick Hamilton as chief executive, funds management, effective from 23 September.
Hamilton would replace Ian Saines who had announced his retirement from the role in June.
Hamilton had served as general manager for Fidante Partners for the past three years after having joined Challenger as Fidante Partners, head of product and marketing in 2015.
Before he had joined Challenger, he had senior leadership roles at Colonial First State and Invesco.
Richard Howes, Challenger managing director and chief executive, said Hamilton’s appointment comes off the back of 20 years’ experience in Australian and international markets.
“Nick is well known for his strategic thinking and commercial acumen having successfully led top tier global equity and multi-asset businesses,” Howes said.
“Nick has been a key contributor to the growth of our funds management business in recent years, having led our Australian multi-boutique business, Fidante Partners, since 2016.
“During this period 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.”