Challenger exec lands at PM Capital

The asset manager has recruited a former Challenger distribution head to take up a similar role.

As director of distribution, Luke Cheetham will be responsible for the distribution of the firm's funds to existing and new clients.

Cheetham joins PM Capital from Challenger, where he headed up retail distribution for the firm's life business.

Before that he spent nine years at AMP as head of sales for the firm's wealth management business.

Earlier he worked at AXA most recently as state sales manager for New South Wales and the ACT.

"I am joining the PM Capital team amid the continued strong performance of all three of our strategies being the Global Companies Fund, the Australian Companies Fund and our Enhanced Yield Fund. I am looking forward to

showcasing our investment capabilities across equities and global Fixed Interest to my wider network and the advisers across Australia."

PM Capital Limited, founded in 1998 by its chief investment officer and chairman, Paul Moore is a globally-focused fund manager that manages money on behalf of private clients, the clients of financial advisers and institutions.