Smartshares chief Hugh Stevens left the business in June, setting a retirement date.
Former head of BNP Paribas Securities Services NZ, Stevens joined the NZX-owned business five years ago, expanded its range of exchange-traded funds and oversaw two major acquisitions in the last few years. Did. ASB Superannuation Master Trust and Quay Street. .
The SuperLife KiwiSaver scheme has also achieved Default Scheme status for the first time in 2021, adding approximately $340 million to the Group’s funds under management.
During his tenure, Smartshares and SuperLife combined assets under management increased from approximately $2 billion to more than $8 billion at the latest tally.
Smartshares has also covered several Pacific retirement plans over the past few years. This includes, most recently, his $200 million Cook Islands Pension Plan.
In a statement this morning, NZX chief Mark Peterson said, “We are confident that Smartshares will become even stronger in the future.”
NZX has a medium-term goal of growing Smartshares to at least $20 billion under management.
“We thank Hugh for his contributions and wish him well in the future,” Peterson said.
He said the group will soon start recruiting new fund bosses.
https://investmentnews.co.nz/investment-news/nzx-funds-boss-to-leave/ NZX fund boss leaves