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Challenger names independent nonexecutive director

Australia-based investment management firm Challenger Ltd. appointed Duncan West an independent nonexecutive director to the boards of both Challenger and unit Challenger Life Co. Ltd., effective Sept. 10.

West serves as a nonexecutive director of Genworth Mortgage Insurance Australia Ltd., according to a same-day release.

In addition, Graham Cubbin will step down as an independent nonexecutive director of Challenger.