Challenger takes Credit Suisse Investments
Challenger Financial Services has acquired Credit Suisse Investments (Australia) Limited inclusive of five credit investment funds and two real estate securities funds.
The acquisition has been confirmed by Challenger chief executive of funds management, Rob Adams, who said the credit investment business had total funds under management of approximately $1.5 billion which would be used to create a new boutique investment management firm led by Credit Suisse’s current director and lead portfolio manager, Richard Quin.
Adams said the acquisition expands Challenger’s exposure to quality funds management capabilities across the credit investment sector and provided additional scale to the company’s real estate securities business.
AUTHOR
Mike Taylor
Recommended for you
ASIC was active in the first quarter of 2025 with several financial adviser bannings and court action, while the FSCP also handed down outcomes to advisers.
With a joint venture announced between WT Financial and Merchant Wealth Partners, the firm may have a US background, but partner David Haintz has a long history with Australian financial advice.
The big four bank is set to see $40 million per annum in cost savings as it continues to migrate customers from its Asgard wealth platform to BT Panorama by FY26.
AMP North has added three new managers to its range of managed accounts for financial advisers and also extended its existing partnership with Betashares.
