Nick Hamilton appointed MD & CEO of Challenger Limited

Nick Hamilton appointed MD & CEO of Challenger Limited

SYDNEY, AUSTRALIA: Challenger Limited (ASX: CGF) announced the appointment of Nick Hamilton as Managing Director and Chief Executive Officer, succeeding Richard Howes whose retirement was announced in August 2021.

Nick Hamilton will commence in his new role on 1 January 2022 and Mr Howes will remain available for the first quarter of 2022 to ensure a smooth transition.

Nick Hamilton has been Chief Executive of Challenger’s Funds Management business since 2019, overseeing a period of exceptional growth and performance, with funds under management reaching over $100 billion.

Before joining Challenger in 2015, he held a number of senior leadership roles at top tier financial services businesses across Australia, the United States and the United Kingdom.

Chairman Peter Polson said that, following an extensive search process, which included high calibre internal and external candidates, the Board concluded that Mr Hamilton has the ideal leadership capabilities and attributes to drive Challenger’s next phase of growth.

“In Nick, we have an outstanding candidate, with a proven track record of leading and growing high performing businesses and driving innovation, both at Challenger and across the financial services industry in Australia and internationally,” said Mr Polson.

“Under his leadership, our Funds Management business has gone from strength to strength and is now one of the fastest growing active asset managers in the country. He has played a central role in diversifying Challenger’s offering across Australia, Asia and Europe, securing a number of high-quality partnerships and bringing a suite of contemporary client solutions to market.

“Nick has also played a key role in developing Challenger’s growth strategy and contributing to overall business performance as a member of Challenger’s Leadership Team.

“He has significant experience leading strong management teams and is well placed to harness the depth of capability right across Challenger.

“With a deep understanding of our business, a clear vision for the future and the acumen to maximise the significant opportunities ahead, Nick is ideally placed to lead Challenger through this exciting next chapter.”

Challenger Limited (Challenger) is an investment management firm focused on providing customers with financial security for a better retirement.

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