NZX taps Aaron Jenkins for head of funds management

Monday 18th May 2015

NZX, the stock market operator, has tapped Aaron Jenkins to head up its expanded funds management business, with Mark Peterson to fill his vacated role as head of markets.

The Wellington based exchange acquired Superlife this year for $20 million in cash and shares, with a potential further earnings payout of $15 million. NZX wants to use SuperLife as a platform to accelerate growth of its Smartshares exchange traded funds and benefit from growth in the New Zealand funds management sector, which is expected to increase at an annual rate of 10 percent to 15 percent over the next 10 years, driven by KiwiSaver and increased household savings generally.

Jenkins will head up the funds management business, having joined NZX as head of markets last January where he drove the design and regulatory approval of the incoming NXT market, as well as the introduction of equity derivatives and options, butter futures, and the launch of five new Smartshares ETFs, NZX said in statement.

Peterson joins NZX, after most recently being principal of ANZ Securities, and has previously held roles with First NZ Capital and the former National Bank of New Zealand.

Shares of NZX last traded at $1.13 and have fallen 4.9 percent over the past 12 months.

BusinessDesk.co.nz

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