NZX taps Guy Elliffe, John Williams to Smartshares board

Friday 6th November 2015

NZX has appointed former AMP Capital Investors executive Guy Elliffe and John Williams from Trust Investments Management, as independent directors to the stock market operator's Smartshares board.

Elliffe, who is now the corporate governance manager at Accident Compensation Corp, and Williams join the board effectively immediately, after NZX's head of compliance Kristin Brandon resigned, the company said in a statement. The appointments fulfill NZX listing rules requiring independent directors.

NZX expanded its funds management business this year with the acquisition of SuperLife, which it is using to accelerate growth of the Smartshares unit. It now has 23 exchange traded funds and SuperLife has added $1.27 billion of funds under management and 41,000 members to the stock market.

Williams, who is investment manager for the charities trust and has previously worked for Vanguard Investments, and Elliffe join NZX chief executive Tim Bennett and chief financial officer Bevan Miller on the board.

NZX shares rose 2 percent to $1.01 and have fallen 11 percent over the past 12 months.

BusinessDesk.co.nz

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