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NZX director Williams leaves for ANZ Bank, new member tapped

Tuesday 13th December 2011

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NZX director Nigel Williams has resigned to take a senior executive role at Australia & New Zealand Banking and the stock exchange’s board has tapped Television New Zealand director Alison Gerry as his replacement.

Williams will take up the job of chief risk officer at ANZ Bank in Melbourne, ending seven years on the NZX board, where he contributed in clearing, risk management and technology. He was also a member of the stock exchange’s audit committee.

Williams joined ANZ Bank in 2004 following the National Bank acquisition, and has been the bank’s managing director, institutional, Australia since 2008.

“The development of the NZX Clearing House is excellent for the growth of New Zealand’s capital markets, both by reducing market risk but also by allowing the derivatives market and stock lending to develop,” Williams said in a statement. “These are benefits that cannot be underestimated,”

Gerry will take up her seat at the board on Feb. 2, where it’s expected her work at TVNZ and its increasing focus on digital media will contribute to the stock exchange’s strategy focussing on operating and offering an integrated set of information, markets and infrastructure platforms.

NZX shares rose 0.9 percent to $2.22 in trading yesterday, and have surged 44 percent this year.

BusinessDesk.co.nz

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