Longtime Challenger executive Chris Pak has been appointed as the divisional director for real estate fund manager EG.
Pak spent nearly 15 years with Challenger's real estate investments arm, including more than seven as executive director. He previously had property finance and retail asset experience at CFS GAM and Westfield.
"Chris will be working on a series of new business opportunities that we have identified, and we expect to make further announcements on these new ventures shortly," said EG executive director Roger Parker.
"EG has great energy and entrepreneurial spirit. I'm eager to add my experience in the retail space as EG starts to apply critical thinking supported by PropTech to this sector," said Pak.