Graduate Recruitment

Graduate Lawyers February 2008

New Zealand Exchange Limited (NZX) is a critical component of New Zealand 's economic infrastructure. A healthy capital market infrastructure is essential for the economic well-being of this country.

The New Zealand sharemarket has delivered total shareholder returns of 16.9% annually in the last five years. Shareholders in NZX listed companies have received better returns on their investments than counterparts in any of the world's major developed markets , including Australia and the USA .

The policy environment is promising results for the New Zealand capital markets. Tax changes and KiwiSaver will have a positive impact on New Zealand capital markets in 2007 and beyond.

The Core NZX Markets Business –and eight market-related “value-add” businesses make up the NZX Group.

NZX - Infrastructure, information and service provider right across the market spectrum

NZX's securities markets, NZSX, NZAX and NZDX, form a diverse offering for companies wishing to raise capital and investors looking for secure and liquid investment products. NZX is also responsible for the ongoing surveillance and regulation of New Zealand's securities markets.

NZX also offers a comprehensive suite of data products, indices and a range of Smartshares funds.

• 50% owned Registry business – Link Market Services
• Exchange Traded Fund business – Smartshares
• Rural Data business – NZX Agrifax
• Managed Fund research business – FundSource
• Packaged data solutions for financial research – IRG Data (now part of NZX Data)
• An information tool for daily and archived news – NewsRoom

NZX – A Global Player

NZX is also applying market expertise offshore, to AXE ECN in Australia, a joint venture with five major investment banks, a business that will inject competition into the trade reporting market in Australia .

TZ1 Carbon Market, which will follow the AXE model with NZX as a part owner and service provider, will capitalise on New Zealand's time zone, Kyoto signatory and international brand advantages to become the carbon trading platform for the Asia Pacific Region.

Why NZX

Experience

NZX provides you with an excellent range of experience, interaction with key New Zealand companies at a senior level and responsibility in dealing with your own files.

NZX has a strong team environment and will ensure that you are mentored while getting practical experience with a developmental focus.

You will not be standing at a photocopier or stuck in a room reviewing documents all day; at NZX you will be talking with and learning from the management team on a daily basis, taking calls from partners at major law firms, helping a company to list on the exchange, negotiating commercial contracts with major suppliers and customers and actively contributing to the growth of the firm and the New Zealand capital markets.

Not just the law

While you will become fluent in securities law and legal issues arising from the New Zealand capital markets and its regulatory framework, you will also have the opportunity to become involved across the business. Interested in the environment? Get involved in the new carbon market project - TZ1; Want to take on the Aussies? Help out with the Australian joint venture – AXE. Have you got a farming background? Then get involved with NZX Agrifax, an NZX subsidiary dealing in rural and agricultural data.

NZX encourages you to turn your hand to different aspects of the business and to get involved beyond providing legal support.

The vibe

NZX has fantastic offices in a prime location on the Wellington waterfront. The open plan office encourages you to get to know your team mates and the rest of the staff quickly.

NZX has regular end of month drinks where success is celebrated by awarding the UGLI – NZX employee with most outstanding performance for the month and the TUGLI – NZX team with the most outstanding performance for the month. The atmosphere and attitude is second to none.

People

NZX recruits and retains excellent people. It is fantastic to work amongst bright, energetic people who are really interested in what they do.

Progression

Part of starting your career is having some idea of where you are headed. NZX is interested in developing you and your legal and professional skills. We aim to provide you with the skills, environment and encouragement you need to take the next steps from being a graduate. Have a look at our website for bio's of individuals who started in legal positions and are now adding value in other areas of NZX.

Pay

NZX offers a very competitive graduate salary, will pay for your professional studies and has additional benefits such as subsidised gym memberships, group health insurance and a generous Employer contribution of 4% for Kiwisaver.