July 24, 2025 • 4 mins
Stock exchange operator NZX chief executive Mark Peterson has resigned from the role - and will step down at the end of April 2026.
Peterson explained that the time was right for him to stand down and for the board to look for a new chief executive.
He says he's overseen plenty of challenges and successes in the role over the last few years.
"You've got to make these tough calls - but we've also, at the same time, got to a period in the exchange where we've ticked off a bunch of expectations and objectives...really, it's the right time."
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Episode Transcript
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Speaker 1 (00:00):
Big change is coming for the New Zealand Stock Exchange.
The chief executive Mark Peterson, has resigned today. He will
leave the ins of X at the end of April
after nine years at the top, and he's with us now.
Speaker 2 (00:09):
Hey, Mark, Hi, hear that? How are you well? Thank you?
Speaker 1 (00:13):
How are you? Do you feel relieved?
Speaker 2 (00:17):
It's a bit it's been a strange day.
Speaker 3 (00:18):
You know, when a business has been part of your
life for a long time, and you know, obviously the
last nine years we've seen lots of changes and challenges
and successes, and you know, and to think that that
might come to the end in April next year is
quite a weird feeling.
Speaker 2 (00:34):
Yeah.
Speaker 1 (00:34):
Do you have friends of mine who have recently quit big,
high profile jobs have had the experience of almost immediately
regretting it once they realize how much people love them
in the role. Are you getting any of that?
Speaker 2 (00:46):
Oh?
Speaker 3 (00:46):
I know, there's been lots of really nice messages today,
which is which is very flattering.
Speaker 2 (00:49):
But you know, we've still got nine months to go.
That's quite a long time.
Speaker 3 (00:53):
It give us the board a chance to find, you know,
a really good new person and I'm sure they make
a really good job of that.
Speaker 2 (00:59):
But time we just got it. We've just got to
really keep the pedal down.
Speaker 1 (01:02):
What's brought it on? Why have you decided to go?
Speaker 3 (01:06):
Well, a few things. Really, you know, ten years, ten
years in the organization. By the time we get to April,
it'll be nine years in this role. That's a long stint.
You know, I've got to think about, you know, my
career and where I'm at with it. You know, probably
would like another exec role if I can find one before,
you know, before you sort of try and you know,
maybe get into givenance type activity. If I don't do,
(01:28):
if I don't make that step now, then it starts
to become too late. So you know, you've got to
make these tough calls. But you know, we've also at
the same time to got to a period in the
strategy with the exchange where we've ticked off a bunch
of a bunch of sort of expectations and objectives that
the board is asked of me, and really it's the
(01:49):
right time for somebody else to then.
Speaker 2 (01:50):
Pick it up and take it onto the to the
to the next wave.
Speaker 1 (01:53):
As reading that the ends at X fifty has increased
by about seventy seven percent since twenty seventeen. What do
you put that down to?
Speaker 3 (02:00):
Well, you've got you know, there is economic growth. You
know that that you know that flows through the economy.
You know that that's a big part of it. You know,
you've got you know, the moving parts if you like,
of what makes up the exchange. You've got the equity side,
and the and the and the dead side. Yeah, there's
a whole lot of factors, but you know a lot
(02:22):
of it comes down to you know, business is actually
growing and doing well over that period, which.
Speaker 1 (02:25):
Is always good. Do you see Do you believe that
that the investing culture is taking hold in New Zealand
a little bit more with the advent of the likes
of Chasis.
Speaker 2 (02:33):
I do, I absolutely do.
Speaker 3 (02:35):
I think they've made a big difference for you know,
getting you know, the concept of equities you know, into
the hands of younger people.
Speaker 2 (02:44):
You know, you can see them.
Speaker 3 (02:46):
You know, I've got a family members who have used it.
You know, they're really sort of learning, you know, off
the back of that, and I think it's been very
very effective. So now you've got lots of really positive
stuff going on in that regard, and there are other
players as well alongside cheeses doing similar things. So now
I think you know, you know, when you think about
(03:07):
where the property markets are, you know, how the equity
markets are moving. You know, it's great to see that
sort of those productive asset classes, you know, really starting
to have some engagement around it.
Speaker 1 (03:16):
Yeah, I mean we're obviously headed and have we got
enough to invest in? Is really the thing?
Speaker 2 (03:21):
Well? Yeah we do. I mean we love more. I
think that's the I think that's.
Speaker 1 (03:25):
The How do we get more? What do you reckon?
Speaker 2 (03:28):
Well, there's a few things to it. You know.
Speaker 3 (03:30):
We we see lots of businesses that that are interested
in accessing capital through the markets.
Speaker 2 (03:35):
You really want those business to be listed ready.
Speaker 3 (03:38):
You also need an economic cycle that's supportive you know,
of those of those of the timings of all of that.
Speaker 2 (03:46):
We need the right product.
Speaker 3 (03:47):
And when I say that that's a bit colloquial, but
our product is not just made up of what the
exchange does.
Speaker 2 (03:53):
It actually is made up of what.
Speaker 3 (03:55):
Law makers make create around it and what regulators create.
In the current governm it's been excellent actually at looking
at some of those regulatory settings and legal settings making
some adjustments around that. Really good progress on that. So
far lots more to go, and we'd love to go
quicker if we can. But those elements of law and
(04:16):
reg and the markets generally, all the players in the
market's not just the exchange, but all the players that
wrap around at the brokers, the lawyers, that the investment
banking teams and all the rest of it. You know,
they play a big mark and getting things to grow,
and it's all of that that needs to come together.
Speaker 1 (04:33):
Good stuff, Marke, go well and thanks very much for
having a chat to us. It's Mirke Peterson, outgoing Insiex
chief executive. For more from Hither Duplessy Allen Drive, listen
live to news talks. It'd be from four pm weekdays,
or follow the podcast on iHeartRadio
Big change is coming for the New Zealand Stock Exchange.
The chief executive Mark Peterson, has resigned today. He will
leave the ins of X at the end of April
after nine years at the top, and he's with us now.
Speaker 2 (00:09):
Hey, Mark, Hi, hear that? How are you well? Thank you?
Speaker 1 (00:13):
How are you? Do you feel relieved?
Speaker 2 (00:17):
It's a bit it's been a strange day.
Speaker 3 (00:18):
You know, when a business has been part of your
life for a long time, and you know, obviously the
last nine years we've seen lots of changes and challenges
and successes, and you know, and to think that that
might come to the end in April next year is
quite a weird feeling.
Speaker 2 (00:34):
Yeah.
Speaker 1 (00:34):
Do you have friends of mine who have recently quit big,
high profile jobs have had the experience of almost immediately
regretting it once they realize how much people love them
in the role. Are you getting any of that?
Speaker 2 (00:46):
Oh?
Speaker 3 (00:46):
I know, there's been lots of really nice messages today,
which is which is very flattering.
Speaker 2 (00:49):
But you know, we've still got nine months to go.
That's quite a long time.
Speaker 3 (00:53):
It give us the board a chance to find, you know,
a really good new person and I'm sure they make
a really good job of that.
Speaker 2 (00:59):
But time we just got it. We've just got to
really keep the pedal down.
Speaker 1 (01:02):
What's brought it on? Why have you decided to go?
Speaker 3 (01:06):
Well, a few things. Really, you know, ten years, ten
years in the organization. By the time we get to April,
it'll be nine years in this role. That's a long stint.
You know, I've got to think about, you know, my
career and where I'm at with it. You know, probably
would like another exec role if I can find one before,
you know, before you sort of try and you know,
maybe get into givenance type activity. If I don't do,
(01:28):
if I don't make that step now, then it starts
to become too late. So you know, you've got to
make these tough calls. But you know, we've also at
the same time to got to a period in the
strategy with the exchange where we've ticked off a bunch
of a bunch of sort of expectations and objectives that
the board is asked of me, and really it's the
(01:49):
right time for somebody else to then.
Speaker 2 (01:50):
Pick it up and take it onto the to the
to the next wave.
Speaker 1 (01:53):
As reading that the ends at X fifty has increased
by about seventy seven percent since twenty seventeen. What do
you put that down to?
Speaker 3 (02:00):
Well, you've got you know, there is economic growth. You
know that that you know that flows through the economy.
You know that that's a big part of it. You know,
you've got you know, the moving parts if you like,
of what makes up the exchange. You've got the equity side,
and the and the and the dead side. Yeah, there's
a whole lot of factors, but you know a lot
(02:22):
of it comes down to you know, business is actually
growing and doing well over that period, which.
Speaker 1 (02:25):
Is always good. Do you see Do you believe that
that the investing culture is taking hold in New Zealand
a little bit more with the advent of the likes
of Chasis.
Speaker 2 (02:33):
I do, I absolutely do.
Speaker 3 (02:35):
I think they've made a big difference for you know,
getting you know, the concept of equities you know, into
the hands of younger people.
Speaker 2 (02:44):
You know, you can see them.
Speaker 3 (02:46):
You know, I've got a family members who have used it.
You know, they're really sort of learning, you know, off
the back of that, and I think it's been very
very effective. So now you've got lots of really positive
stuff going on in that regard, and there are other
players as well alongside cheeses doing similar things. So now
I think you know, you know, when you think about
(03:07):
where the property markets are, you know, how the equity
markets are moving. You know, it's great to see that
sort of those productive asset classes, you know, really starting
to have some engagement around it.
Speaker 1 (03:16):
Yeah, I mean we're obviously headed and have we got
enough to invest in? Is really the thing?
Speaker 2 (03:21):
Well? Yeah we do. I mean we love more. I
think that's the I think that's.
Speaker 1 (03:25):
The How do we get more? What do you reckon?
Speaker 2 (03:28):
Well, there's a few things to it. You know.
Speaker 3 (03:30):
We we see lots of businesses that that are interested
in accessing capital through the markets.
Speaker 2 (03:35):
You really want those business to be listed ready.
Speaker 3 (03:38):
You also need an economic cycle that's supportive you know,
of those of those of the timings of all of that.
Speaker 2 (03:46):
We need the right product.
Speaker 3 (03:47):
And when I say that that's a bit colloquial, but
our product is not just made up of what the
exchange does.
Speaker 2 (03:53):
It actually is made up of what.
Speaker 3 (03:55):
Law makers make create around it and what regulators create.
In the current governm it's been excellent actually at looking
at some of those regulatory settings and legal settings making
some adjustments around that. Really good progress on that. So
far lots more to go, and we'd love to go
quicker if we can. But those elements of law and
(04:16):
reg and the markets generally, all the players in the
market's not just the exchange, but all the players that
wrap around at the brokers, the lawyers, that the investment
banking teams and all the rest of it. You know,
they play a big mark and getting things to grow,
and it's all of that that needs to come together.
Speaker 1 (04:33):
Good stuff, Marke, go well and thanks very much for
having a chat to us. It's Mirke Peterson, outgoing Insiex
chief executive. For more from Hither Duplessy Allen Drive, listen
live to news talks. It'd be from four pm weekdays,
or follow the podcast on iHeartRadio
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