NZX signs deal

NZX has agreed terms with Macquarie Equities New Zealand to provide it with the the NZX Wealth Technologies platform.

Under the agreement NZXWT will provide platform technologies, custody and administration services to Macquarie.

NZX chief executive Tim Bennett said: “The signing of Macquarie Equities New Zealand as a NZX Wealth Technologies client is another key milestone as we deliver on our funds services strategy, and our mission to provide market leading industry infrastructure.

“We’ve made a substantial investment into NZX’s funds services business to gain exposure to a higher growth sector of the industry than our traditional markets business. The signing of Macquarie Equities New Zealand is another key plank in our strategy as we successfully move into this sector.”