The former boss of ANZ-owned Millennium 3 has taken up a key role at a large New Zealand financial services and life insurance company.
Richard Klipin has been appointed chief distribution officer with Sovereign Assurance Company, based in Auckland. He starts in his new role on 9 November.
Mr Klipin recently departed Millennium 3 Financial Services – where he served for three years as chief executive – following a restructure of the business.
"I had the privilege of leading Millennium 3 on a journey of transformation and leadership succession," he said.
"I'm proud of the progress we made as we transformed the business, culture and community of Millennium 3 and set up a platform for growth in a challenging environment.
"Millennium 3 is a fantastic business with some of the best advisers and most evolved business models in the country," Mr Klipin said.
"It was a pleasure to work closely with so many of them and I wish them and the business well in their future endeavours."
In a statement, Sovereign Assurance was described as New Zealand's largest life insurer, with 29 per cent market share of in-force premiums.
"Sovereign Assurance is leading change and innovation in the New Zealand insurance industry by growing the market, making a more meaningful difference to the lives of customers and achieving greater impact in the community," Mr Klipin said.
"It's a fantastic opportunity to be part of their leadership team, driving transformation and growth within the New Zealand financial services market."
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 23 Jan 2019Adelaide adviser permanently banned from industryBy Eliot Hastie
- 23 Jan 2019Bowen slams ‘woeful’ handling of royal commissionBy James Mitchell
- 23 Jan 2019Gender super gap lower but still at 34%By Adrian Flores
- 22 Jan 2019Advice issues stem from writing of SOAs, says RafteryBy Adrian Flores
- 21 Jan 2019Federal Court winds up CFS Private WealthBy Eliot Hastie
- 22 Jan 20192.44m Aussies suffer from financial stressBy Sarah Simpkins
- view all