NZX said the chief executive of its Smartshares business, Hugh Stevens, has resigned “to take the next step in his career”.
The exchange’s chief executive Mark Peterson said Stevens led the funds management business through a period of strong growth to the point where it was now an integral part of the group.
Stevens said he was proud to have led the Smartshares team over the past five years, delivering a four-fold increase in funds under management to $8 billion.
“I am confident Smartshares will go from strength to strength in the future,” Stevens said.
Peterson said Stevens had agreed to continue in his role for the next few months to ensure a smooth transition for the team and Smartshares clients.
