31 Jan 2012

New chief executive named for NZX

9:49 pm on 31 January 2012

The New Zealand Stock Exchange has named a new chief executive. Tim Bennett, a New Zealander currently based in Singapore, will start on 7 May.

He replaces Mark Weldon, who's stepping down after a decade in charge.

Mr Bennett, 46, has nearly 20 years experience in financial services consulting, mostly in Asia.

NZX chairman Andrew Harmos told Evening Business on Checkpoint the board conducted a global search for a new leader before settling on Mr Bennett.

He says the new CE brings to the job many of the skills the NZX was seeking to drive its growth.

That includes 20 years in the financial services industry, extensive consultancy work and responsibility for the development of a new iron ore trading mechanism for BHP.