The New Zealand Exchange (NZX) recently announced a new CEO.
Mark Peterson has held the acting role of CEO since January this year. His position has now been made permanent following a review by the Board that determined Mark is the ideal candidate.
To find the right candidate, the Board commissioned governance services firm Propero Consulting to survey a wide sample of its stakeholders including shareholders, staff and market participants to ensure a broad perspective on the characteristics and values needed for the role.
Korn Ferry International then conducted a global search to identify candidates that were appropriately skilled.
Feedback from the survey showed that the NZX CEO needs a passion for financial markets; a reputation for creating strong stakeholder relationships; extensive markets knowledge, and a sound understanding of technology.
The Board conclude that Peterson demonstrated these skills best.
James Miller, NZX chairman, introduced Peterson as the CEO by saying he has more than 25 years of experience in the financial services sector covering capital markets, share broking, private wealth, and institutional and retail banking.
Miller says he will bring a continued focus on strengthening NZX's relationships with its key stakeholders to the CEO role.
He comments, “Mark has shown himself to be a highly capable leader during his time at NZX and more recently as Acting CEO.
“In addition to his extensive markets experience, Mark has been instrumental in transforming staff engagement, with his clear communication skills and collaborative leadership style.
Miller adds, “he has also led the successful development of NZX's Wealth Technologies business and has a proven track record of sound commercial judgement.
“The Board is extremely pleased to make this appointment and we look forward to working alongside Mark and the wider NZX team.
Peterson says it is a privilege to lead NZX, an organisation which plays a pivotal role in supporting New Zealand's capital markets.
He comments, “I welcome this opportunity to keep growing our markets, and I am committed to building a very collaborative team at the centre of this network, which engages, seeks feedback, and in turn delivers greater value for our customers and shareholders.