Sunday, June 05, 2005

AXA chief hopeful

AXA Asia Pacific head Andy Penn believes the nation's peak banking regulator will clear him of any wrongdoing over the treatment of members of a closed staff superannuation fund.

Mr Penn yesterday confirmed he had received a "show cause" letter from the Australian Prudential Regulation Authority in relation to his role as a director of the fund's trustee body.

See full Article.