Listed on the Australian Stock Exchange, Challenger is a diversified financial services organisation. It is dedicated to providing smarter solutions to financial intermediaries and their clients, offering a broad spectrum of financial products and services.
Challenger is one of Australia's largest mortgage providers with a mortgage book of $21.8 billion^, funding commercial loans as well as a range of residential mortgage products offered by a network of preferred lenders under their own brands. Challenger's participation in the Australian mortgage management industry has recently extended through the acquisition of interests in the growing mortgage distribution and aggregation segment of the market.
Challenger's asset management division, which has assets under management of $10.4 billion^, has particularly strong expertise in infrastructure, real estate and fixed income and continues to develop specialist funds for institutional and retail investors. It is also a proprietary investor in its own right, raising capital through retail and wholesale annuities and other sources to invest in assets which are under valued for risk or have value add potential.
Through its annuity products, Challenger has built a strong reputation in the retirement market. Today, Challenger is the largest provider of retail annuities in Australia. This reputation also extends to the other investment products and wealth management services that it offers.
Challenger, which has total funds under management of $14.9 billion^, is highly regarded as a quality investment manager in its own right. And it also acts as a gateway to other expert investment managers. This means that Challenger can offer a range of funds to help meet investment needs, across not only a variety of asset classes, but also across different investment styles.
Through the development of strategic relationships with key international partners Colony Capital LLC, The Bank of Tokyo-Mitsubishi UFJ and Mitsubishi UFJ Securities, Challenger sees significant growth opportunities in the future.
Challenger is always striving to challenge the status quo and deliver a smarter way forward.
^At 30 June 2008
