Challenger appoints new Life CEO

Angela-Murphy/challenger/Richard-Howes/

10 March 2021
| By Mike |
image
image
expand image

Challenger has decided to combine its Life and Distribution, Product and Marketing teams at the same time as appointing Angela Murphy as its chief executive, life.

The company has told the Australian Securities Exchange that the life business will continue to sit alongside funds management and its recently acquired bank business creating three clear business lines.

Murphy has been chief operating officer of the distribution, product and marketing teams and is a member of Challenger’s leadership team.

Announcing the appointment of Murphy and the combining of the two businesses, Challenger managing director and chief executive, Richard Howes, said Murphy had a strong leadership track record and had played a key role in diversifying Challenger’s product distribution reach.

The Life business is also conducting an internal and external search process for a chief investment officer.

The company’s announcement said that Anton Kapel, who had been acting chief executive of the Life business, would resume his previous role as Challenger’s appointed actuary and chief financial officer of the Life business.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 4 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

3 weeks 5 days ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 4 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 3 days ago

TOP PERFORMING FUNDS