Morgan locked up, Bernie stood down
Thursday, May 19th 2005, 9:09AM
Two interesting little bits on people news. The funny one is that financial planning's number one enemy in New Zealand - Gareth Morgan - has been banged up by authorities in Iran. There is a great little story here.Maybe he will return to NZ with some new ideas about what to do with errant advisers.
If you think the Iranians are tough on poor old Gareth spare a thought for how the Americans treat their people. AIA has, in New Zealand, been making great progress in the life insurance market over the past couple of years going from a small, niche player to one which is now the lead carrier for some risk advisers.
However the powers-that-be have declared that the company's New Zealand operations haven't been doing well enough. Consequently they have stood down the New Zealand boss Bernard McCrea.
We understand the place is being run by some guy from New York at the moment.
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