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Russell McVeagh concludes independent investigation

Russell McVeagh Board Chair, Malcolm Crotty, today confirmed the resignation of a partner following an independent investigation into complaints regarding inappropriate comments made under the influence of alcohol.

“A thorough investigation substantiates the complaints and the partner concerned has apologised and tendered his resignation,” Mr Crotty said

“We are deeply disappointed in the partner at the centre of the investigation.

“Our firm is committed to changing the culture of our organisation and we all recognise that change requires collective and long-term commitment. All partners in the firm agreed to uphold and lead the change.

“The partner concerned let the firm down and we have now lost trust and confidence in him. The Board determined that his conduct has fallen below our expected standards and we have accepted his resignation.

“There is no place for inappropriate conduct at our firm. Despite the circumstances, it is encouraging that our people have spoken up.

“We have arranged to meet with the New Zealand Law Society.”

Ends

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