New Zealand policeman shot dead during traffic stop


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A New Zealand police was officer was shot and killed and another wounded in the leg in Auckland on Friday morning after they stopped a car.

Police said officers were carrying out a routine traffic stop when they pulled over a car carrying two people. One of them used a long-barrelled gun to begin firing at the officers before the car sped away, police said. They said the car hit a bystander, who was also injured.

Police Commissioner Andrew Coster said there was nothing to indicate anything was out of the ordinary when the car was first pulled over.

He said the officers were not carrying guns. New Zealand police do not routinely carry guns but typically have them available in the boot of their vehicles.

A police officer stands guard in a residential area of Auckland, New Zealand where a policeman was killed on June 19, 2020. AFP
A police officer stands guard in a residential area of Auckland, New Zealand where a policeman was killed on June 19, 2020. AFP

“This is a shocking situation," Mr Coster said. “It is the worst news police, and police officers' families, can ever receive in the course of what we do."

He said the second officer was hospitalised with serious leg injuries, while the bystander was in a hospital with minor injuries.

Eight schools in the area were put into lockdown, Mr Coster said, and police set up road cordons. They advised people to stay away.

Local media reported that heavily armed police had raided at least one home near the site of the shooting. There were conflicting reports about whether anybody had been taken into custody. Police did not immediately provide further details.

Prime Minister Jacinda Ardern said the news of the officer's death was devastating.

“To lose a police officer is to lose someone working for all of us, but also a family member, someone’s loved one and friend," she said in a statement.

Police Minister Stuart Nash said the officer “was a man who dedicated his career to keeping us safe”.

Witness Elaine Taniela told The New Zealand Herald she was at home when she heard gunshots. She said a friend who was on his way to her house at the time described seeing an officer on the ground shaking.

The last time a New Zealand police officer was killed in the line of duty was 11 years ago.

New Zealand last year enacted new gun control laws banning the deadliest types of semiautomatic weapons after a mass shooting in which a gunman killed 51 people at two Christchurch mosques during Friday prayers.

Auckland is New Zealand’s largest city, with about 1.7 million people.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company's hyperloop technology is “ready” and safe.

He said the company prioritised safety throughout its development and, last year, Munich Re, one of the world's largest reinsurance companies, announced it was ready to insure their technology.

“Our levitation, propulsion, and vacuum technology have all been developed [...] over several decades and have been deployed and tested at full scale,” he said in a statement to The National.

“Only once the system has been certified and approved will it move people,” he said.

HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon. 

With no delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.

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