Challenger CEO steps down
Challenger Financial Services Group (Challenger) has announced that its chief executive and managing director, Mike Tilley, will leave the group at the end of this month, with the group’s deputy chief executive and managing director, Dominic Stevens, to take Tilley’s place on September 1.
Tilley has held the position since 2004. Both the company and Tilley said his mandate as chief executive had been successfully filled, and that “the board has been considering the right structure for the next phase of the company’s development”.
Tilley has been asked by the Challenger board to be available to consult to the company in the future.
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
