Leadership Shift at IAM Signals New Direction Amid Fixed Income Challenges
Income Asset Management has appointed Danielle Press as Chair and elevated CEO Jon Lechte to Managing Director, marking a significant leadership transition following the retirement of long-serving Executive Chair John Nantes.
- Danielle Press appointed Chair of the Board
- John Nantes retires after leading IAM through growth and challenges
- CEO Jon Lechte joins the Board as Managing Director
- Board renewal aims to strengthen governance and sector expertise
- IAM manages over $2.6 billion in funds under administration
Leadership Transition at Income Asset Management
Income Asset Management Group Limited (ASX – IAM) has announced a pivotal board renewal following its Annual General Meeting on 12 November 2025. The company welcomed Ms Danielle Press as the new Chair of the Board, succeeding Mr John Nantes, who retired after a notable tenure as Executive Chair. This leadership change signals a new chapter for IAM as it continues to build on its established presence in the fixed income investment sector.
Acknowledging Past Contributions and Future Direction
Mr Nantes was instrumental in transforming IAM from a fintech concept into a substantial fixed income business, overseeing significant growth in funds under administration and revenue. His leadership navigated the company through challenging periods, including the Covid-19 pandemic, while advancing diversity and governance initiatives. His departure leaves a legacy of resilience and strategic growth, setting a strong foundation for the incoming board.
Strengthening the Board with Experienced Leadership
Ms Press, previously an independent Non-Executive Director and Chair of the Audit and Risk Management Committee, brings seasoned oversight to the Chair role. Her appointment is complemented by the elevation of CEO Mr Jon Lechte to the Board as Managing Director, effective immediately. This dual leadership structure is expected to enhance strategic alignment between the board and executive management, fostering agility and cohesive decision-making.
Positioning for Continued Growth in Fixed Income
With over $2.6 billion in funds under administration, IAM is well-positioned in the Australian fixed income market. The refreshed board, combining deep sector experience and a talented fixed income team, aims to capitalize on emerging opportunities and navigate evolving market conditions. The company’s focus remains on delivering robust income investment solutions to advisers and direct investors alike.
Looking Ahead
As IAM embarks on this new leadership phase, market participants will be watching closely for strategic updates and operational initiatives that reflect the board’s renewed vision. The seamless transition underscores IAM’s commitment to strong governance and sustained growth in a competitive asset management landscape.
Bottom Line?
IAM’s board renewal sets the stage for strategic evolution amid a dynamic fixed income market.
Questions in the middle?
- What strategic priorities will the new Chair and Managing Director pursue?
- How will the leadership changes impact IAM’s growth trajectory and market positioning?
- Will IAM announce new initiatives or partnerships following the board renewal?
