Elevation urges NZX to shrink exec team and rethink strategy

Tue, 02 Oct 2018

By Paul McBeth Oct. 3 (BusinessDesk) - Elevation Capital wants NZX to halve its executive team and narrow its focus and says it will challenge the board if it has to. The fund manager says NZX's executive team of 16 and a board of seven are both too large and that the stock market operator should stop diverting attention from its core markets business with units such as its Smartshares unit. It's launched a hashtag campaign urging NZX to rethink its strategy, which Elevation says has seen the firm's share price underperform its peers and...

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