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NZX's new head of markets looks to CMDT report as guide

Friday 21st May 2010

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Fiona Mackenzie, newly appointed head of markets at NZX Limited, says the Rob Cameron-led Capital Markets Development Taskforce report will be her guide in her new role.  

Mackenzie, who joined the bourse operator and regulator in May last year, said her focus will be “in the areas identified by the Capital Markets Development Taskforce” to help attract new listing opportunities for the NZX.  

The report’s recommendations, which the government has adopted in its work-stream, aim to boost investment in New Zealand’s capital markets, and include allowing the NZX to run unregistered markets where capital-raising for smaller companies could occur.  

“An important first step will be to assess potential new market structures, as well as promote the value of listing and public equity in an environment where - for the first time in a long time - companies will be able to compete fairly with property for the investor dollar,” Mackenzie said in a statement.

Her role will include responsibility for all traded products, the NZX listings function, and market data portfolio.  

Mackenzie replaces Geoff Brown, whose departure after eight years was announced this week.

Before joining the NZX, Mackenzie spent five years with Morgan Stanley, focusing on Asian equities, excluding Japan.  

Shares in NZX sank 5.9% to $1.60, leading the NZX 50 index lower.  

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