NZX CEO to step down

Peterson joined the NZX in 2015 as head of markets and was appointed chief executive in April 2017.

“Over the last nine years, as chief executive, my focus has been on NZX successfully developing and delivering our growth strategy, which included executing new opportunities across our businesses that provide long-term returns for our shareholders and help grow New Zealand’s economy,” Peterson said.

When the board last extended his term in August 2023, Peterson said his focus was on further developing the business.

Among these initiatives were the introduction of S&P/NZX20 Index equity futures, alongside the expansion of the Smart and NZX Wealth Technologies businesses.

“The company is in a strong position financially, including NZX Wealth Technologies now being cash flow positive from external client activity,“ Peterson said.

Peterson said the time was right for him to step down and for the board to seek a new CEO.

“By announcing my departure now, I wanted to ensure a smooth transition by giving the board plenty of time to search for a new chief executive who will continue the positive momentum and growth opportunities in front of NZX.”

Chairman John McMahon said Peterson had seen the group through some challenging and volatile times.

“Since delivering a revised strategy in late 2017, NZX’s operating earnings have increased from $28.6 million to $48.5m; Smart’s funds under administration has increased from $2.9 billion to $13.7b; NZX Wealth Technologies’ funds under administration has grown from $2b to $17.2b and is now cash flow positive on external client activity; and volume traded under our dairy derivatives partnership with SGX [Singapore Stock Exchange] has almost doubled,” McMahon said.