Challenger Financial Services’ head of distribution, David Asplin, has abruptly left the firm.

Asplin resigned suddenly last week after what is understood to have been a human resources-related issue. His responsibilities have been assumed by the head of institutional distribution, Matt Gaden, with immediate effect. A Challenger spokesperson said a replacement for Gaden’s wholesale role would be sought. Asplin had been at Challenger nearly four years, after following Chris Cuffe to the firm from Colonial First State in 2003.

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