Challenger has hired two people to its institutional business development team, while one person has left the group.
The group has hired Andrew Katieva and Melanie Pyzik as institutional business development managers.
Katieva previously worked at Warakirri Investments as head of business development. He was with the firm for nine years.
Pyzik's previous job was with Macquarie. She worked with the company for eight years in Sydney and London as well as in Asia and Dubai, focusing on infrastructure product distribution.
Head of institutional business James Bloom will leave Challenger in January. The group's general manager of distribution Matt Gaden will temporarily step into Bloom's role.
Gaden was Challenger's head of institutional business from 2003 to 2007.
The institutional business development team now has five people.
"The business development managers have been hired to meet the demand from multi-managers and superannuation funds for our products with no management fees," a statement from Challenger said.
