NZX today announced that director Peter Jessup will retire from the Board in November.
Sydney-based Mr Jessup informed the NZX Board of his decision last night after taking up an employment role at ASX.
Chair John McMahon acknowledged the positive contribution Mr Jessup has made after more than four years on the Board, which followed his appointment to the NZX Technology Committee a year earlier.
“Peter has been a highly valued member of the NZX Board, bringing more than 35 years’ specialist financial markets technology and capital markets expertise to the table,” Mr McMahon says.
“His skills and knowledge in trading, surveillance, clearing, depository and settlement systems have been vital to ensuring NZX continues to maintain and invest in the right people, processes and technology fundamental to the effective running of markets.”
Mr McMahon says the Board has agreed that Mr Jessup remain an NZX director until 30 November 2026, with existing conflict management processes in place noting that Mr Jessup is not in an ASX management role or involved in their strategic business decisions.
Prior to his appointment at ASX, Mr Jessup’s extensive career includes roles as a capital markets consultant with Accenture, leading the Market Infrastructure Business Development team at LSEG and as Senior Vice President at Nasdaq’s Global Technology Services group. Earlier he worked for NZSE (New Zealand Stock Exchange, before it became NZX), where he played a key role in automation of the exchange, including the implementation of electronic settlement and automated trading technology.
