Stanley steps down

NZX head of exchange products and FundSource boss Sam Stanley has confirmed he is standing down from his role but says the move was not prompted by the research house’s recent decision to drop qualitative research.

Friday, May 1st 2015, 10:47AM

by Susan Edmunds

He told Good Returns that he would leave at the end of June

A new position has not yet been confirmed but Stanley said he was likely to move in the private wealth management.

Stanley said it was an appropriate time to stand down. “I’ve managed to get a lot of things achieved.”

He cited accomplishments such as launching equity options, index futures, new ETFs and in-house moves such as outsourcing administration and accounting.

FundSource made headlines recently when it announced it was giving up qualitative research and would now use the Financial Express tool to manage its quantitative research.

But Stanley said those moves did not influence his decision to quit.

“Upper management made the decision around the departure from qualitative research and I completely understand and respect that decision. The decision to move away from that was the right one and it doesn’t impact me. I was the figurehead and spokesperson for FundSource and qualitative research was not a significant part of my day-to-day job.”

Tags: FundSource NZX