Generation Development Group announced appointment of Grant Hackett as Chief Executive Officer of the company, effective from October 25, 2018. Grant's initial focus will be to grow the Ascalon business with the launch of a seeding vehicle to invest in alternative investment funds in the Asia Pacific region. He will also maintain responsibility for the distribution of Generation Life's investment bond business in Australia until the 2019 financial year end. Grant joined GDG in September 2017 and has been instrumental in lifting sales performance in the Life business by over 70% for the 2018 financial year. Grant will report to Executive Chairman Rob Coombe who will continue to focus on investment opportunities for GDG.