Challenger Limited
ASX:CGF ISIN:AU000000CGF5
Challenger operates three core investment businesses - a fiduciary Funds Management division, an APRA regulated Life division and an APRA regulated authorised deposit-taking institution. Challenger Life Company Limited (Challenger Life) is Australia's largest provider of annuities.
News
As the Howard Government prepares its response to the Task Group on Emissions Trading's Report provided to the Government yesterday, Environment Ministers from each Australian State and Territory are meeting in Cairns to put the final touches on a mandatory greenhouse and energy reporting system for companies.
Challenger's chief executive of funds management, Rob Adams, hopes that investors in Japan, the Middle East, Europe and the US will eventually account for between a quarter and a third of funds under management, up from a negligible sum now.
After months of planning, Interstar will be integrated into the Challenger (ASX: CGF) brand on 20 November. The rebrand follows the release of a number of product advancements which include the re-launch of the Non-Conforming product range, new fixed rate products and launch of the debit card. The rebrand to Challenger will consolidate the number of brands the Mortgage Management division has in the market and ensure the communication of a consistent marketing message.
Challenger Financial Services Group Limited today announced it has taken a 25 per cent holding in a global fixed interest boutique, Kapstream Capital, to be launched in 2007 and run by Kumar Palghat, the former co-head of Pimco Australia.
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