Challenger has appointed Fidante Partners general manager Nick Hamilton as its new chief executive of funds management.
It comes after the prior funds management head Ian Saines retired from the role in June.
Mr Hamilton has been general manager of Challenger’s multi-boutique business, Fidante, for the last three years, having joined as the subsidiary’s head of product and marketing in 2015.
Challenger managing director and chief executive Richard Howes commented: “Nick is highly regarded in the funds management industry and brings more than 20 years’ experience gained across Australian and international markets.”
“Nick is well known for his strategic thinking and commercial acumen having successfully led top-tier global equity and multi-asset businesses.”
He noted Mr Hamilton’s leadership of Fidante, saying during the period, Challenger’s funds management business had grown significantly with funds under management up $20 billion and Fidante making up $14 billion of the growth.
Prior to joining Challenger, Mr Hamilton held senior leadership roles at Colonial First State and Invesco.
“Nick has strong relationships with our boutique partners and clients, and is ideally placed to lead our high-performing team as we drive ongoing growth across the business,” Mr Howes said.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
MLC Life Insurance has appointed Sean McCormack as the chief of its newly created life insurance division in a move it hopes will better mee...