Challenger has appointed Michael Clarke as its general manager, institutional business development and strategic alliances.
Clarke — who was most recently Russell Investments' managing director, institutional — will be tasked with driving Challenger's domestic and international institutional growth strategy across the annuities business, as well as the Fidante Partners boutique funds management business.
Challenger currently has institutional relationships and alliances with QSuper, Bendigo and Adelaide Bank, Mercer, Australian Super and HESTA.
Before his role at Russell, Clark was director, international for AMP Capital Investors and, before that, was chief executive of Goldman Sachs JB Were Asset Management.
"We're absolutely delighted to have secured someone with Michael's deep industry knowledge and investment experience," Challenger chief executive of distribution, product and marketing Paul Rogan said.
