NZX launches Wealth Technologies platform with Craigs

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16 November 2018

NZX launches Wealth Technologies platform with Craigs Investment
Partners self-managed investment services

NZX Wealth Technologies (NZXWT) has on-boarded its foundation client, Craigs Investment
Partners (Craigs), marking the launch of the exchange’s custodial wrap platform.

The NZXWT platform enables independent financial advisors and wealth managers to better
manage client investments via a single wrap platform. It is leading New Zealand financial
markets infrastructure that fully integrates the core custodial wrap offering with KiwiSaver and
super scheme functionality.

Craigs sought a provider with the capability to administer their range of self-managed
investment solutions, which include an investment savings service, KiwiSaver and
superannuation.

Craigs Investment Partners, Head of Client Services, Stephen Jonas commented: “Part of our
longer term growth strategy is to provide a flexible, yet seamless online experience for clients.”

“Finding an Australasian based infrastructure provider with the capability to tailor a solution for
us was difficult. This was due to the broad range of investment options we will continue to grow
over time, coupled with the flexibility required for our self-managed investment products, ‘out of
the box’ solutions were not suitable. This led us to partner with NZX Wealth Technologies.”

This is a significant milestone for the exchange’s NZXWT business. It will now move to grow its
customer base and refine its product offering.

NZX Head of Wealth Technologies Lisa Brock commented: “The successful launch of the
platform and on-boarding of Craigs Investment Partners marks a significant milestone for the
NZX Wealth Technologies team. We now shift our focus to sales and product refinement as we
reach out to the pipeline of potential customers who have shown interest in the product.”

Craigs have a total of $16 billion of funds under management, of which $950 million will now be
administered through this new platform. Following the on-boarding of the Craigs product set,
NZXWT now manage in excess of $2 billion funds under administration.

For further information, please contact:
Graham Law
NZX Chief Financial Officer
T: 04 498 2271
M: 029 494 2223
E: graham.law@nzx.com

Stephen Jonas
Craigs, Head of Client Services
T: 09 919 7438
M: 021 530 893
E: Stephen.jonas@craigsip.com