Challenger Limited announced the appointment of Ms. Angela Murphy to the role of Chief Executive Life following the decision to combine its Life and Distribution, Product and Marketing (DPM) teams. The Life business will continue to sit alongside Funds Management and the recently acquired Bank 1 business, creating three clear business lines with the focus and capabilities to drive strong commercial outcomes. Each business will continue to be supported by an efficient shared services model, including investment and client operations, technology and corporate functions. Ms. Murphy has held a variety of executive roles including Chief Operating Officer DPM before her appointment as Chief Executive DPM in December 2018.

As Chief Executive DPM, Ms. Murphy is a member of Challenger's leadership team and has been responsible for the strategic direction and delivery of Life's distribution, product and marketing functions. Following these executive changes, Mr. Anton Kapel will resume his previous role as Challenger's Appointed Actuary and Chief Financial Officer of the Life business. Mr. Howes thanked Mr. Kapel for his contribution as Acting Chief Executive for the Life business.

These changes will take effect on 15 March 2021.