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New Zealand

Smartshares CEO Steps Down – Good Return

NZX is looking for a new CEO for Smartshares.

Thursday, January 26, 2023 at 8:48 AM

Hugh Stevens, CEO of NZX-owned Smartshares, has stepped down to take the next step in his career.

Stevens will remain with the company until June, after which he plans to take a break.

“I am proud to have led the Smartshares team over the last five years and quadrupled our capital under management.

NZX Chief Executive Mark Peterson says Stevens has led Smartshares into a period of strong growth and Smartshares is now an integral part of the NZX Group’s business.

“We thank Hugh for his contributions and wish him well in the future,” Peterson said.

Smartshares is a wholly owned subsidiary of NZX and provides financial solutions to over 119,000 New Zealanders. It manages more than $8 billion in funds. Customers range from individual investors, corporations, iwi, to international community groups in the Pacific region.

Smartshares has been named Research IP Fund Manager of the Year for its strong performance in 2022. He has also won three awards: Longevity Award (SMS US 500), Global Equities Fund of the Year (SMS US 500) and Australian Equities Fund of the Year (SMS AU Top 20).

SmartShares will begin recruiting for a new CEO soon, Peterson said.

tag: Hugh Stevens NZX smart share

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