Simon Power leaves board as NZX completes Superlife buy

Sun, 18 Jan 2015

By Suze Metherell Jan. 19 (BusinessDesk) - Former Cabinet Minister Simon Power will resign from the NZX board to avoid any conflict of interest as the stock market operator completes its acquisition of SuperLife to expand its funds management business. Power, who is also general manager of Westpac Banking Corp's New Zealand private wealth management business, will formally step down from Wellington-based company's board at its annual meeting in May, it said in a statement. The move comes after NZX added $1.27 billion of funds under manage...

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