Peter Jessup will step up into the role as an independent director.
NZX has announced the resignation of John McMahon from its board effective from the end of the year, and the appointment of Peter Jessup to replace him from January 1, 2022.
McMahon said he was stepping down from the board to balance his workload and focus on his other directorships of listed companies. He had served as a director of NZX since June 2019.
NZX Chair James Miller said the board was delighted to announce the appointment of Jessup to replace him.
“This appointment reflects technology as a critical priority area in NZX’s skills matrix and the need for high quality, specialist expertise to underpin the governance supporting the resilience and stability, and further evolution of NZX’s technology framework."
Jessup was appointed to the NZX Technology Committee in April this year, bringing more than 35 years’ IT experience – predominantly in stock exchange and related areas, including trading and post-trade systems. Prior to establishing an independent consultancy in 2018, he was Senior Vice President at Nasdaq’s Global Technology Services group.
During his 23-year tenure at Nasdaq, Jessup oversaw the development of several products including the X-stream trading platform, which became the fastest matching system in the world. He previously (over 20 years ago) worked for NZSE (New Zealand Stock Exchange) where he played an instrumental role in the design and development of the FASTER DvP Settlement platform and the implementation of automated trading technology to replace open outcry (verbal bidding).
