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![]() CHIEF EXECUTIVE, FUNDS MANAGEMENT CHALLENGER LIMITED As Challenger's chief executive of funds management, Nick Hamilton is responsible for the $91 billion business that generates about 25% of the company's net profits - but it hasn't always been smooth sailing. Kanika Sood writes. |
So-called remediation, based on formula-driven 'objective' audits set down for auditors with no regard for the necessary subjectivity of advice (and service) provided by the Advisers!
In fact, an attempt to divert attention away from the banks' corporate sins by blackening the characters and reputations of honest to goodness advisers, many of whom were quasi-employees of the banks, caring for the financial well-being of the banks' customers.
And many of whom have been financially ruined in consequence.
And, of course, who has paid for the 'remediations'? Not the banks' executives! No, the shareholders.
So much for executive responsibility!