Smartshares trials NZXWT with large client
NZXWT is extending its technology expertise and wealth custody and operational services to sister company Smartshares.
Sunday, April 14th 2024, 8:38PM
As a first step to a closer collaboration between NZXWT and Smartshares, both entities owned by NZX, Smartshares will leverage NZXWT’s advanced technology platform and services to manage one of Smartshares’ larger institutional clients, which was added to their client base last year.
NZXWT chief executive Lisa Turnbull says it’s a natural collaboration that will benefit Smartshares’ large institutional client as well as the wider NZX Group.
“Technology, business expertise and people play a pivotal role to business success and investment outcomes. Combining our efforts across the group will bring significant efficiencies which will accelerate our joint success,” Turnbull says.
Smartshares chief executive Anna Scott says it is a perfect example of a great partnership to find innovative solutions that propel both businesses forward.
“It’s not just about leveraging investment management services and the most advanced wealth-tech platform in the New Zealand market, it’s also about fostering a culture of teamwork, shared knowledge
and expertise across the group,” Scott says.
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