UPDATE: Shipley departure not about Mainzeal, says FSC

Thu, 04 Jun 2015

(Adds comment from FSC chief, recasts first paragraph) June 4 (BusinessDesk) - The Financial Services Council of New Zealand, which represents the nation's investment and life insurance companies, has replaced chair Jenny Shipley, but says the change isn't related to a lawsuit from liquidators of collapsed property group Mainzeal. Rob Flannagan, former managing director of Tower and Guardian Trust, has been appointed the new chair, the Auckland-based council said in a statement. Flannagan chairs Guardian Trust and is a director of Airwork...

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