Story image

Same office, different role for newly appointed NZX CEO

10 Apr 17

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.”

Survey reveals CX disconnect is risky business
Too much conversation and too little action could lead companies to neglect, lose, and repel their very lifeblood, according to Dimension Data.
Should AI technology determine the necessity for cyber attack responses?
Fujitsu has developed an AI that supposedly automatically determines whether action needs to be taken in response to a cyber attack.
Police making progress into Cryptopia breach
New Zealand Police say they are making ‘good progress’ into the investigation of an alleged cryptocurrency theft from Christchurch-based crypto exchange Cryptopia.
NEC concludes wireless transport SDN proof of concept
"Operation and management of 5G networks are very complicated and require automation and closed-loop control with timely data refinement and quick action."
Trend Micro’s telecom security solution certified as VMware-ready
Certification by VMware allows communications service providers who prefer or have already adopted VMware vCloud NFV to add network security services from Trend Micro.
Top cybersecurity threats of 2019 – Carbon Black
Carbon Black chief cybersecurity officer Tom Kellermann combines his thoughts with those of Carbon Black's threat analysts and security strategists.
Avaya introduces private cloud delivery of its UCaaS solution
Avaya is supposedly taking a flexible hybrid approach to the cloud with these new solutions.
Data growth the growing case for managed colocation
The relentless growth of data could see colocation take on a new importance, says Jon Lucas.