NSX Limited announced that Mr. N J (John) Karantzis has resigned as managing director of the company and all of its Australian subsidiaries, in order to focus on the group's Kingdom of Saudi Arabia (KSA) opportunity. Mr. Tod McGrouther will act as managing director of the company in addition to his role as chair of the NSXA, bringing his 30 years plus experience in equity capital markets to the benefit of the NSXL and NSXA. Chief Operating Officer, Chan Arambewela will support Mr. McGrouther in day to day operations.

Mr. Karantzis has consented to act as Managing Director of a new entity to be incorporated in the EU, which will be focussed on the KSA opportunity.