Challenger appoints CFO

Challenger has appointed Alex Bell to the top finance job following the resignation of Rachel Grimes.

Bell has held several leadership roles within the organisation, including group deputy chief financial officer and CFO of the funds management business.

She rejoins Challenger from KPMG, where she worked in the CFO advisory practice.

Bell has spent eight years in wealth management and life insurance including roles at BT Financial Group and AXA Sun Life Insurance.

At BT, she was head of finance - insurance and investments while at AXA she served as strategic planning and management reporting manager.

Earlier, Bell worked at KPMG's UK practice for seven years.

Challenger boss Nick Hamilton welcomed Bell back to the group after a year away.
  "Her deep knowledge of our business, coupled with the valuable external perspective gained at KPMG, ideally positions her to take on the role," he said.

"She has built a reputation for her exceptional financial acumen, analytical approach, and strong risk mindset, which are essential attributes for the role. Her strategic insights, leadership capabilities, and fresh thinking will also be of great benefit as we continue to deliver on our strategy to expand our offering and customer base."

Bell's appointment follows the creation of new leadership roles at Challenger, including the chief executive, customer, chief commercial officer, and head of life and solutions.

After leading the sale process of Challenger Bank, Grimes is focusing on non-executive director opportunities.

"I thank Rachel for her wise counsel, solutions-focused attitude, and commitment to our business. On behalf of all at Challenger, I wish her every success in the future," Hamilton added.