Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Challenger board welcomes two new directors

Challenger-Limited/Challenger-life/boards/

13 November 2023
| By Rhea Nath |
image
image image
expand image

Experienced financial services executive Lisa Gray has been appointed non-executive director of both Challenger and Challenger Life Company, effective 9 November 2023.  

She brings more than three decades of experience to the role across private and public sector businesses. 
Gray presently serves on the boards of ING Bank as chair of the risk committee and Victorian Funds Management Corporation (VFMC) as chair of the people and remuneration committee.

Her experience also includes CEO of VFMC for over five years; CEO of MLC Insurance for almost three years; group executive for personal banking at NAB for four years; and managing director of Plum Financial Services, a joint venture between MLC and Vanguard, for over three-and-a-half years. 

Challenger Limited chair Duncan West said he was delighted to welcome Gray to the board.

“She is a highly experienced director, having chaired risk, audit and remuneration committees across several boards in Australia. Her expertise and leadership across financial services, particularly in investment and wealth management, will complement the capability and skills of our existing directors,” he said.

“Lisa also brings a strong focus on customer and digital innovation, which will be highly valuable as Challenger implements its strategy to meet more customer needs across a broader range of channels.”

Commenting on her appointment, Gray said: “I have a long-held interest in the sustainable wealth for Australians through their lifetime and I’m delighted to be joining a company that plays an important role in the Australian retirement ecosystem.”

The board also welcomed Matthew Michelini, head of Asia Pacific at Apollo Global Management, as a non-executive director. 

This is part of a new strategic partnership that will provide Challenger Life with access to Apollo’s high-quality direct asset origination capability. Building on an existing collaboration between both businesses, it includes a distribution agreement to build Apollo’s aligned alternatives strategy to the Australian market and a joint venture to build a non-bank lending platform in Australia and New Zealand. 

The appointments of Gray and Michelini reflect Challenger’s commitment to board renewal and maintaining a strong mix of experience and industry knowledge across the board, the firm added. 

Both directors will stand for re-election at the annual general meeting in October 2024. 
 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

15 hours 42 minutes ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

3 weeks 4 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

3 weeks 6 days ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

3 days 9 hours ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

1 week 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND