Austock Asset Management has hired Alan Sheen as its new managing director.
"His role will be to deepen and diversify our product offering," Austock Group chief executive Tim Boyle told IFA.
"He has a good nose for new product and he will look to leverage off our Australian equities and high yield capability, as well as look to diversify into alternatives."
Sheen will take responsibility for over $400 million in Austock funds.
Sheen joined Challenger in April 2006, prior to that he was a portfolio manager at AMP Capital Investors.
He was also held positions at IAG Asset Management and Secure Investment Group.
