Challenger Chief Exec - Distribution, Marketing & Research to step down

Challenger has announced that its chief executive of distribution, marketing and research, Paul Rogan, will step down from the role, effective 13 February 2017.

Rogan has spent 11 years at Challenger, in various positions, and leaves for a new role with a fin-tech financial advice start-up.

He is to be replaced by Richard Howes, currently Challenger's chief executive, life. Rogan will continue working with the firm on a part-time basis into the new year, in order to assist Howes during the transition.

Commenting on his appointment, CEO, Brian Benari, said: "Paul Rogan has made a significant contribution to Challenger over the past 11 years which has included building brand leadership, strong service capabilities and our annuity distribution footprint."