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Phil: The advisers' CEO moves on

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Tuesday, March 8th 2011, 9:41AM 1 Comment

by Philip Macalister

It is sad to report that Ralph Stewart is leaving AXA – but little surprise really. Ralph has been at AXA for nine years now and seen the company through a lot of change. Late last year when we were asking people who they considered as being the most influential people in the industry over the past 12 months Stewart’s name came up. The comment made was that he “moved AXA into the independent market and released the aligned advisers from their shackles.” Stewart’s history in the financial services industry is a good tale and one based in adviser land. He started off with a long departed firm Jardine Fleming in a BDM role, worked at TOWER and moved up the ranks there. While he was there he went off to Manchester to do his MBA and ended up running AXA. Stewart could be called an advisers' CEO. While he is running a pretty big ship he also spent plenty of time with advisers, visiting them, talking to them and listening to what’s going on. This is a vital skill when your business relies on advisers to sell your products. As I say it is little surprise he is leaving when the merger takes place. A number of reasons come to mind but one is the combined AMP/AXA business has a different management culture to what AXA had. It is going to be interesting to see how it rolls out and that it is successful. Ralph tells me he has no plans at present but hopes to find a new role in the industry. We hope he does.

You can read Philip's blog here: http://www.goodreturns.co.nz/blog/

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Comments from our readers

On 11 March 2011 at 11:49 am John Sumner said:

Well written Phil. I've known Ralph a long time. He's a great man and a friend. We look forward to seeing you in your new role Ralph, whatever that may be. John

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Lender

Flt.

1yr

2yr

3yr

5yr

	n/a	n/a	n/a	n/a	n/a
AMP Home Loans	6.24	5.25	5.55	5.75	6.50
AMP Home Loans $200k +	6.14	5.15	5.45	5.65	6.40
ANZ	5.74	5.25	5.49	5.90	6.70
ASB Bank	5.75	5.25	5.55	5.75	6.50
BankDirect	5.75	5.25	5.55	5.75	6.50
BNZ - Classic	n/a	n/a	5.79	n/a	n/a
BNZ - GlobalPlus	5.99	5.75	5.89	6.15	6.90
BNZ - Mortgage One	6.40	n/a	n/a	n/a	n/a
BNZ - Rapid Repay	5.99	n/a	n/a	n/a	n/a
BNZ - TotalMoney	5.74	n/a	n/a	n/a	n/a
BNZ- Std, FlyBuys	5.99	5.75	5.89	6.15	6.90
CBS Canterbury	5.95	6.25	6.50	7.10	7.80
Credit Union Auckland	6.20	n/a	n/a	n/a	n/a
Credit Union Baywide	5.85	6.15	6.65	6.95	n/a
Credit Union North	5.80	5.80	5.95	6.20	n/a
Credit Union South	5.75	n/a	n/a	n/a	n/a
eMortgage	6.04	6.15	6.69	7.19	7.90
Fantastic Home Loans	5.74	5.59	5.79	6.10	n/a
Fidelity Life	5.70	5.85	6.35	n/a	n/a
Finance Direct	6.10	6.45	6.69	7.10	7.70
First Credit Union	6.45	n/a	n/a	n/a	n/a
General Finance	5.95	6.25	6.50	7.10	7.90
HBS Bank	5.65	5.25	5.55	5.79	6.20
HBS Bank Special	n/a	n/a	5.65	5.65	5.99
Heretaunga Building Society	5.75	5.65	5.80	n/a	n/a
Housing NZ Corp	5.75	5.65	5.79	6.10	6.90
HSBC Premier	5.99	5.29	5.50	5.74	6.65
Kiwibank	5.65	5.25	5.55	5.75	6.50
Kiwibank - Capped	5.65	6.25	n/a	n/a	n/a
Kiwibank - Offset	5.50	n/a	n/a	n/a	n/a
Kiwibank - Special	n/a	4.99	n/a	n/a	n/a
Liberty	5.75	n/a	n/a	n/a	n/a
Manchester Unity	6.15	5.85	5.95	6.05	n/a
Napier Building Society	5.80	6.00	6.70	n/a	n/a
National Bank	5.74	5.25	5.49	5.90	6.70
Nelson Building Society	6.45	5.95	6.25	n/a	n/a
NZ Home Loans	5.85	5.25	5.55	5.75	6.50
Perpetual Trust	7.70	n/a	n/a	n/a	n/a
Public Trust	4.99	5.40	5.55	5.85	6.65
SBS Bank	5.65	5.25	5.55	5.79	6.20
SBS Bank Special	n/a	n/a	5.65	5.65	5.99
Silver Fern	5.95	6.10	6.55	7.05	7.80
Southern Cross	5.95	6.25	6.50	7.10	n/a
Sovereign	5.85	5.25	5.55	5.75	6.50
The Co-operative Bank	5.70	5.45	5.55	5.75	n/a
TSB Bank	5.79	5.20	5.50	5.75	6.50
TSB Bank Special	n/a	5.70	5.95	n/a	n/a
Wairarapa Building Society	6.20	6.70	6.95	n/a	n/a
Westpac	6.24	5.25	5.55	5.75	6.90
Westpac - Capped rates	n/a	6.50	n/a	n/a	n/a
Westpac - Choices Everyday	5.60	n/a	n/a	n/a	n/a

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