Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

New CEO For New Zealand Stock Exchange

23 April 2002

The New Zealand Stock Exchange has appointed Mark Weldon as its new Chief Executive Officer.

A New Zealander, Mr Weldon (34) has spent the past nine years in New York, where he is currently Senior Engagement Manager at McKinsey & Company as senior adviser to CEOs, CFOs and business heads of several large public and private organisations.

He was previously an attorney with a leading New York law firm Skadden, Arps, Slate, Meagher & Flom LLP. He completed his Doctorate in Jurisprudence at the Columbia University School of Law, New York, in 1997, following a Masters degree (1st Class Honours) in Economics and Bachelor degrees in Commerce and Arts from the University of Auckland.

Mr Weldon has expertise in stock exchange strategy and market structure, institutional sales, trading and asset management, corporate strategy, corporate finance, mergers and acquisitions, and securities, corporate and international law.

Chairman of the New Zealand Stock Exchange, Simon Allen, said Mr Weldon was an outstanding New Zealander who will lead the Exchange through a significant period of advancement.

“The New Zealand Stock Exchange has achieved outstanding operational efficiencies,” said Mr Allen. “This coming period will see strategic initiatives designed to grow a vibrant capital market that is essential for the growth of the New Zealand economy.”

Recent new appointments to the Board of the Stock Exchange, and programmes to demutualise and review the rules and regulations of the Exchange, were examples of the initiatives being taken to enhance New Zealand capital markets.

Mr Weldon said that he was delighted to accept a leadership role in the New Zealand capital markets. “I am very positive about New Zealand’s attributes as a country in a long term global scenario. Our equity and debt markets need to be dynamic contributors to both the domestic and international growth of New Zealand.

“I am returning to New Zealand feeling I have had the best experience in the world, and I am ready to apply these skills in the evolving New Zealand market.”

Mr Weldon is an Olympic swimmer, having competed for New Zealand at the 1992 Barcelona Olympic Games and the 1990 Auckland Commonwealth Games.

He will commence his position in Wellington on June 4

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Up $1.20: $17.70 Minimum Wage Next Year

Coalition Government signals how it will move toward its goal of a $20 p/h minimum wage by 2021... “Today we are announcing that the minimum wage will increase to $17.70 an hour on 1 April 2019." More>>

ALSO:

Reserve Bank: Capital Proposals Are 'Radical', Says Fitch

International credit rating agency Fitch says the Reserve Bank's proposals for increased bank capital adequacy ratios are "radical" and "highly conservative relative to international peers", but the result will ultimately be "significantly stronger buffers" against financial system shocks. More>>

ALSO:

Regions And Skills: Work Visa Proposals 'Step In The Right Direction'

Immigration Minister Iain Lees-Galloway announced yesterday that the Government is consulting on proposed changes to employer-assisted temporary work visa settings to ensure that work visas issued reflect genuine regional skill shortages. More>>

ALSO:

Long Commutes: Hamilton To Auckland Passenger Rail Trial Gets Green Light

The NZ Transport Agency Board has approved a business case for the next steps in a start-up trial Hamilton to Auckland passenger rail service, Transport Minister Phil Twyford announced. More>>

ALSO:

Working Group Update: Mycoplasma Bovis Eradication Making Substantial Progress

International experts are impressed by New Zealand’s efforts to eradicate the cattle disease Mycoplasma bovis and are more confident the campaign is working... More>>

ALSO: