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News - Detailed News Story

Peter Tan ran agency 'like a cult': Prudential witness

15 Aug 2019 09:00

Ms Ho said her fear of Peter Tan (above) motivated several of her actions - from recording meetings she attended, to joining an agency trip to Guangzhou despite her misgivings. BT FILE PHOTO

By Leila Lai

A CULTURE of fear in insurance agency Peter Tan Organisation (PTO) drove former agency leader Wendy Ho Xiang Yu to go along with plans to defect to Aviva's subsidiary Aviva Financial Advisers (AFA) in mid-2016, even though her intention was to back out of the move and remain under Prudential.

This was revealed over two days (Aug 8 and 13) in an ongoing hearing on Prudential Assurance Company Singapore's lawsuit against its former top group-agency manager Peter Tan Shou Yi, in which Ms Ho is serving as a key witness for Prudential.

On the first day of her testimony, Ms Ho described PTO as being "run like a cult" by Mr Tan. She said her fear of him motivated several of her actions - from recording meetings she attended, to joining an agency trip to Guangzhou despite her misgivings.

As an example of PTO's culture of fear, she described an incident in 2015 in which a fellow agency leader who fell out with Mr Tan experienced the loss of a grandparent. His PTO colleagues did not attend the funeral or visit the agency leader when he was later hospitalised, fearing that Mr Tan would not be pleased, said Ms Ho.


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Source: Business Times
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