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Underwood takes AXA helm

Monday, March 18th 2002, 4:21PM
The head of Spicers, Vaughan Underwood (pictured), has been been appointed chief executive of AXA in New Zealand, replacing Ross McEwan.

Underwood joined Spicers in a management role in 1998 and is currently ceo of the Sterling Grace Group, which includes Spicers, fund management firm Arcus and administration service Assure.

"Vaughan's experience at Sterling Grace means he will be in good position to drive the growth of AXA's existing businesses as well as those of Sterling Grace," AXA group chief Eexecutive Les Owen says.

Underwood will have responsibility for both the existing AXA business in New Zealand and those of the recently acquired Sterling Grace Group.

Underwood was born and raised in Auckland, has an impressive sales, marketing and general management background, Owen says.

Prior to this he worked in a number of sales and marketing positions for Lion Breweries, including a role as regional director for Auckland.

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 3.34 - - -
AIA - Go Home Loans 6.14 4.75 5.25 5.29
ANZ 6.04 ▲5.59 ▲6.09 ▲6.19
ANZ Blueprint to Build 7.39 - - -
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ANZ Special - ▲4.99 ▲5.49 ▲5.59
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Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 6.19 - - -
BNZ - Rapid Repay 6.19 - - -
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CFML 321 Loans 4.20 - - -
CFML Home Loans 6.30 - - -
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CFML Standard Loans 7.20 - - -
China Construction Bank 6.44 4.85 4.95 4.95
China Construction Bank Special 6.44 5.85 5.95 5.95
Co-operative Bank - First Home Special - 4.74 5.29 5.59
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Co-operative Bank - Owner Occ 5.34 4.84 5.39 5.69
Co-operative Bank - Standard 5.34 5.34 5.89 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - 5.09 5.49 -
First Credit Union Standard 6.49 5.69 6.09 -
Heartland Bank - Online 5.80 5.89 - -
Heartland Bank - Reverse Mortgage 7.99 - - -
Heretaunga Building Society 6.50 5.50 5.65 -
ICBC 5.39 4.49 4.99 5.25
Kainga Ora 5.79 4.59 4.95 5.19
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 6.00 ▲5.85 ▲6.29 ▲6.29
Kiwibank - Offset 6.00 - - -
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SBS FirstHome Combo 3.29 4.29 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 7.99 - - -
TSB Bank ▲6.84 ▲5.79 ▲6.29 ▲6.49
TSB Special ▲6.04 ▲4.99 ▲5.49 ▲5.69
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Westpac Offset 6.14 - - -
Westpac Special - 4.99 5.45 5.35
Median 6.15 4.99 5.49 5.59

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