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Biography of Nicky NEWTON-KING

South Africa > Finance : Nicky NEWTON-KING

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Born on 07/11/1966 (format : day/month/year)

Biography :

Nicola Frances "Nicky" Newton -King (b. November 7, 1966), is a South African Deputy chief executif officer of the JSE (Johannesburg Stock Exchange)

Newton-King was one of three South Africans selected to be one of the World Economic Forum's 100 Global Leaders for Tomorrow for 2003.

Nicky Newton-King is the Deputy CEO of the JSE Securities Exchange and member of the JSE's Executive Committee. She is also a member of the JSE's Board of Directors.

Miss Newton-King graduated from the University of Stellenbosch with BA LLB degrees and in 1994 obtained an LLM degree with first class honours, from the University of Cambridge, England. While at Cambridge, she was awarded a Foundation Scholarship for academic achievement by her college, Queens'. During her LLM she specialised in corporate finance, securities regulation and administrative law.
Until June 1996, when she joined the JSE, Miss Newton-King was a partner in the Financial Services Unit of one of South Africa's largest legal firms, Webber Wentzel Bowens, where she advised clients in the securities and financial services industry. She was responsible for developing one of the first derivatives law practices in South Africa. While at Webber Wentzel Bowens, Miss Newton-King was closely involved in advising the JSE on all aspects of its business including its deregulation and the application and amendment of the JSE's rules and listings requirements.

Miss Newton-King is responsible for negotiating and implementing the JSE's major corporate transactions such as the acquisition of the South African Futures Exchange and the integration of STRATE and UNEXcor, the two settlement houses in the country. She leads a team of lawyers which advises the JSE on all aspects of law that affect the operation and regulation of a stock exchange and, in particular, prepares and presents the JSE's representations to Parliament and other bodies on proposed legislation, which may affect the financial markets in South Africa.

She was responsible for drafting a large portion of the Insider Trading Act, 1998 which is a world leader of its type of statute in that it provides for people who suffered loss as a result of insider trading to receive compensation. She was also instrumental in framing the legislation which enabled the dematerialisation of securities and which required the disclosure of beneficial interests in securities. Recently, Miss Newton-King has worked closely with the JSE's regulators to draft the Securities Services Bill which will replace all existing legislation regulating the financial markets industry in South Africa. This legislation is currently before the South African Cabinet.

For two years and in addition to her other responsibilities, Miss Newton-King also lead the JSE's Human Resources team as the JSE embarked on an extensive consultative process with all its staff to introduce an Affirmative Action Policy and Employment Equity Plan. This involved considerable management of the expectations and fears of all involved.

As Deputy CEO, she is responsible for the strategic development and management of the JSE's data vending business, a major contributor to the JSE's income stream. She is also responsible for the JSE's eCommerce initiatives

Last update : 09/17/2008

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