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Showing 11 - 20 of 23 results for "Richard Howes01"

Challenger raising $300m, to add IG bonds

KANIKA SOOD  |  MONDAY, 22 JUN 2020
Challenger is raising up to $300 million to add to its balance sheet and will invest further in investment grade fixed income. The institutional placement of $270 million is priced at $4.89 per share for about 55.2 million new shares representing 9% ...

Challenger winds up boutique partnership

KANIKA SOOD  |  WEDNESDAY, 22 APR 2020
Challenger's Fidante Partners has sold its stake in an event-driven manager that it partnered with in 2018, according to its March quarter update which also shows superannuation funds moving to cash. Fidante has ended its partnership with US-based firm ...

Challenger appoints funds management boss

KANIKA SOOD  |  TUESDAY, 17 SEP 2019
Challenger has appointed a new chief executive for funds management after Ian Saines announced his intention to retire from the role in June. The job is going to Nick Hamilton, who has led Challenger's multi-boutique business Fidante Partners since ...

Fidante loses $3.9bn of super fund assets

KARREN VERGARA  |  TUESDAY, 13 AUG 2019
Challenger subsidiary Fidante has lost $3.9 billion in funds under management at the expense of superannuation funds increasingly internalising their investment strategies. In releasing its June financial year results this morning, Challenger flagged ...

Challenger funds management chief resigns

KARREN VERGARA  |  FRIDAY, 7 JUN 2019
The chief executive of Challenger's funds management business announced he will depart later this year. Ian Saines joined Challenger in March 2015 and helped funds under management grow to more than $80 billion for two divisions: Challenger Investment ...

Profit downgrade hurts Challenger

KARREN VERGARA  |  THURSDAY, 24 JAN 2019
Challenger shares dropped by 17% overnight after recently appointed chief executive Richard Howes flagged a profit downgrade. Challenger's share price plunged from $9.23 to about $7.65 on the back of lower-than-expected December 2018 half-year results. ...

Challenger bolsters exec lineup

KANIKA SOOD  |  WEDNESDAY, 12 DEC 2018
Challenger has filled the role left open when Richard Howes moved to replace Brian Benari as the chief executive of the $5.6 billion company. Angela Murphy was announced as the chief executive of distribution, product and marketing this morning. She ...

Advisers to embrace aged care opportunities

JAMIE WILLIAMSON  |  TUESDAY, 13 MAR 2018
As the need for aged care grows, so too does the need for specialised aged care financial advice. Estimating that less than 10% of advisers regularly provide aged care advice, Challenger is calling on financial advisers to become more educated on the ...

AMP and Challenger ink annuities deal

ALEX BURKE  |  TUESDAY, 5 SEP 2017
Challenger annuities will now be available through AMP's adviser portal, marking one of the more historic partnerships since Challenger swapped its financial planning business for AXA's annuities portfolio in 2008. Financial advisers will now be able ...

Challenger launches advice tool as reforms loom

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2017
As the 1 July deadline looms, an initiative from Challenger will make it easier for financial advisers to service clients and manage their retirement income needs. As superannuation reform, including the introduction of Comprehensive Income Products ...