ASX appoints CFO Andrew Tobin after hiring new CEO

Rick Steves

“His ability to think strategically and commercially, his partnership approach, and extensive expertise in financial markets and listed companies will add depth to the Executive Team and enhance our leadership culture.”

ASX Limited (ASX) has appointed Andrew Tobin has as its next Chief Financial Officer, effective 5 September 2022, and replacing Gillian Larkins who leaves ASX at the end of August.

Andrew Tobin joins ASX from Challenger Limited, where he was CFO for nine years (2012-2021), and responsible for numerous operational areas including finance, investor relations, treasury, operations and information technology. He was Deputy CFO prior to that and has also worked at CBA, MLC and KPMG.

Under Andrew Tobin’s leadership, the strategy function at ASX will move to the CFO portfolio, the company announced.

Helen Lofthouse, Managing Director and CEO at ASX, said: “Andrew is an accomplished CFO and executive leader with more than 30 years’ experience in various group finance and audit roles in Australia and Asia. He is an excellent addition to our team. His ability to think strategically and commercially, his partnership approach, and extensive expertise in financial markets and listed companies will add depth to the Executive Team and enhance our leadership culture.”

Helen Lofthouse started as CEO this month

ASX promoted Helen Lofthouse from Group Executive Markets to Managing Director and Chief Executive Officer, with effect 1 August 2022.

Helen Lofthouse played the role of Group Executive of Markets at ASX since July 2021, having first joined the exchange group in 2015 as Executive General Manager, Derivatives and OTC Markets.

Her accomplished financial markets executive career counts with more than 20 years of experience in cash equity and debt markets, listed and OTC derivatives, and clearing and settlement services, including the past almost seven years at ASX.

The new ASX chief executive was previously based in London where she was a Managing Director at UBS. Before that, she worked in various senior roles at JPMorgan.

The retiring CEO, Dominic Stevens, remains available to advise and assist ASX with the transition until 30 September.

ASX is an integrated exchange offering listings, trading, clearing, settlement, technical and information services, technology, data and other post-trade services. ASX operates markets for a wide range of asset classes including equities, fixed income, commodities and energy.

Acting as a market operator, clearing house and payments system facilitator, ASX oversees compliance with its operating rules, promotes standards of corporate governance among Australia’s listed companies and helps to educate retail investors.

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