Challenger has announced the appointment of Nick Hamilton as chief executive, funds management, effective from Monday 23 September 2019.
Mr Hamilton's appointment follows an extensive internal and external search to replace Mr Ian Saines who announced his intention to retire from the role in June.
Mr Hamilton has served as general manager at Fidante Partners for the past three years, having joined Challenger as Fidante Partners, head of product and marketing in 2015. Prior to joining Challenger, Mr Hamilton held senior leadership roles at Colonial First State and Invesco.
“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," Challenger managing director and chief executive officer Richard Howes said. “We are fortunate to have such a highly qualified internal successor to this role."
Mr Hamilton has led Challenger's Australian multi-boutique business, Fidante Partners, since 2016. During this period Challenger’s Funds Management business has grown significantly with funds under management up $20 billion, and Fidante Partners making up $14 billion of this growth.
“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.
James Mitchell is the editor of the Wealth and Wellness suite of platforms at Momentum Media including Investor Daily, ifa, Fintech Business, Adviser Innovation and Wellness Daily.
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