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
Far too few wealth managers are capitalising on the opportunity presented by disruptive technology to deliver personalised investment solutions to the mass affluent demographic, according to PwC.
With over half of advisers using managed accounts, HUB24’s head of managed portfolios has unpacked the benefits driving their usage and how they can be leveraged by advice practices.
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
ASX-listed platforms HUB24, Netwealth, and Praemium have used their AGMs to detail how they are using artificial intelligence to improve their processes and the innovative opportunities it presents.