Funds management CEO to depart Challenger
Challenger has announced that funds management chief executive Ian Saines has expressed his intention to retire later in 2019.
Saines joined Challenger in March 2015 from CBA where he was group executive of the institutional banking and markets division.
Commenting on his departure, Challenger managing director and chief executive officer Richard Howes said: "Ian will retire from Challenger later this year confident in the knowledge that he has built a talented team with the depth, strength and capability to continue to grow the business and to capture the opportunities ahead."
Challenger said that it has commenced the search for Saines' successor and that Saines will work closely with the appointee to ensure a smooth transition.
Editor's note: Challenger has since announced that Nick Hamilton has been appointed as Saines' successor, effective September 2019. Read more.
Chief Executive Officer, Funds Management