New Chair of NZX Board confirmed
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NZX Limited (NZX) | 8:53 am, Thursday 4 September 2008 | NZX | 5.500 |
 -0.100 |
(-1.79%) |
New Chair of NZX Board confirmed
Thursday 4 September 2008 - NZX today confirmed that Andrew Harmos assumes
the role of Chair of the NZX Board, effective immediately.
Harmos is one of the founding partners of Harmos Horton Lusk, an
Auckland-based specialist corporate legal advisory firm. He specialises in
takeover advice and structuring, securities offerings, company and asset
acquisitions and disposals, and strategic and board corporate and legal
advice.
As an NZX Director since 2002, Harmos has helped to steer NZX through a
period of rapid and responsive change that has seen the company strengthen
the regulatory and technology infrastructure of New Zealand's capital
markets, and begin to carve a footprint in international markets.
He views the key economic challenges for New Zealand as:
Cementing our place in the world as an influential economic force in spite of
scale
Ensuring the savings and investment environment is optimal for maximum New
Zealand investor participation
Ensuring New Zealand has a vision, and a plan against which policy,
opportunity and decision making can be benchmarked.
"Strong capital markets, complemented by strong technological, regulatory and
tax infrastructure and the availability of a range of investment tools, are
fundamental to the economic wellbeing of this country.
"NZX forms the core of our markets and sees its role as participating in the
drive to ensure New Zealand enhances its competitiveness - and ultimately its
relevance - in the global economy," he said.
Harmos considers that NZX holds many of the keys to ensuring a strong
domestic environment exists for companies to be able to source capital and
grow from a base here, with New Zealand based expertise and talent.
"To do this effectively we need to ensure our investment structures, policy
settings, capital markets infrastructure and people are, and remain, world
class," he said.
Harmos replaces outgoing Chair Simon Allen.
ENDS
Profile : Andrew Harmos
Harmos was a partner at Russell McVeagh for 16 years before establishing the
specialist corporate legal advisory and transactional firm of Harmos Horton
Lusk in 2002. Since its establishment, HHL has been involved in a number of
the most complex and challenging New Zealand mergers and acquisition
transactions, representing both international based and domestic acquirers
and target boards across the spectrum of New Zealand business. The firm has
been engaged in NZX listed debt and equity offerings and other non-listed
securities structuring and issuance, provides high level strategic and board
advice and assisted clients before Takeovers Panel and Securities Commission
hearings.
Harmos is a Director of Westfield New Zealand Group and Elevation Capital
Management Limited. He is an enthusiastic supporter of New Zealand art.
ENDS
For more information please contact:
Rowan Macrae
Phone: 04 496 2874
Mobile: 0274 727599
