Challenger head of retail departs

Challenger's head of retail sales has left the company after 12 years to join a Melbourne boutique.

Yarra Capital Management has appointed Vito D'Introno as its first chief commercial officer.

D'Introno has led the retail business at Challenger Life and Fidante Partners for the last five years. For half of the last year, he was also Challenger's acting chief executive, distribution product and marketing.

In his new role, he will be responsible for Yarra's distribution, marketing and product development functions.

The boutique manages about $8.5 billion across concentrated long-only Aussie equities and fixed income strategies. Last December, it took on the management of UBS Asset Management's large, mid and small caps funds.

"Vito is an extremely exciting hire for [us]. With more than 20 years' experience developing new capabilities and building franchises in the domestic market, he is exactly the right person to take charge of growing the firm's institutional, retail and offshore presence," Yarra managing director Dion Hershan said in a statement.

D'Introno's appointment follows a previous high-profile hire at the boutique.

In June, Yarra poached Ellerston's chief economist Tim Toohey as its head of macro and strategy.

Read more: Yarra Capital ManagementChallenger LifeVito D'IntronoDion HershanEllerstonTim TooheyUBS Asset Management
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