Challenger CEO to step down

10 August 2021
| By Jassmyn |
image
image
expand image

Challenger managing director and chief executive, Richard Howes, will step down in March 2022 after 18 years with the company. 

During his tenure, Howes had served as group CEO, chief executive of distribution, product and marketing, and chief executive of Challenger’s life business. 

Challenger chair, Peter Polson, said: “As a result of Richard’s deep understanding of capital markets and their impact on our business model, he will leave Challenger with robust and sustainable capital settings. He, together with the team, have developed a clear and compelling strategy which creates the platform for our next phase of growth”. 

Howes said he felt now was a good time to “step aside and being the process for a new leader to drive Challenger’s exciting next chapter”. 

The board would conduct an internal and external search process to select a successor. 

Executive Chris Plater had also been appointed to the role of deputy CEO from 16 August, 2021. Plater had been with Challenger for over 17 years and was chair of the Challenger Life Investment Committee and lead of the group’s operations and technology functions. 

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?...

2 months 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 1 week 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...

3 weeks 1 day ago

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

2 weeks ago

One licensee has lost 27 advisers in the past week, now sitting at zero, according to the latest Wealth Data figures....

3 weeks 1 day ago

TOP PERFORMING FUNDS