The late great David Bowie's lyric is particularly apt in the current NZ financial services industry. On the company management front, we say farewell to one of the most respected and best-liked CEO's, Milton Jennings.
Read MoreSome years back in Australia and NZ, the banks declared war and entered the hallowed turf previously controlled by life insurance companies. By way of retaliation, a few of the larger life offices obtained banking licenses and went after the banks' market share of the retail banking industry.
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