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
Following an extraordinary general meeting today, Dixon Advisory parent company E&P Financial Group’s shareholders have voted on its proposed delisting from the ASX.
While overall financial adviser numbers have dipped below 15,500 this week, Rhombus Advisory is experiencing growth and approaching 500 advisers in its ranks.
Iress’ Xplan continues to dominate the financial planning software market with a multitude of uses, according to Netwealth research, despite newer players battling for a piece of the pie.
ASIC has shared the percentage of breach reports related to financial advice in FY24, noting increased reporting by smaller AFSLs.
