NZX appoints new funds management boss

NZX has appointed a new head of its funds management operations to replace Aaron Jenkins.

Friday, December 22nd 2017, 1:14PM

The NZX has appointed Hugh Stevens to lead its funds management business, taking over from Aaron Jenkins, who resigned earlier in the year,

He will oversee NZX's Auckland-based Smartshares exchange-traded funds business, and SuplerLife.

Stevens is the former head of private equity and real estate fund services for BNP Paribas, based in France.

Before that, he was head of BNP Paribas Securities Services in New Zealand.

The end of December marks the end of a three-year fixed-term employment agreement with SuperLife's previous owners, Michael Chamberlain and Owen Nash. The agreement was signed with the acquisition of the business in 2015.

While Chamberlain will leave the business, Nash will stay on in a support role part-time until the middle of 2018, as Stevens transitions into his new position.

Since NZX acquired SuperLife, the group’s total funds under management (FUM) has grown from $1.7 billion in January 2015 to more than $2.6b.

During this time NZX has also expanded the Smartshares portfolio of ETFs from five to 23 funds.

Tags: Smartshares