ASX appoints first female CEO, Helen Lofthouse

Rick Steves

“I am honoured and humbled to be chosen as the CEO of ASX given the critical role it plays in Australia’s financial markets.”

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

Markets is ASX’s largest business by revenue, responsible for cash and derivatives trading, including equities, interest rates, commodities and energy products, and the benchmarks business and international sales.

Helen Lofthouse has been playing 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.

Best candidate to steer ASX

Damian Roche, ASX Chairman, said: “Given the high calibre of experienced candidates attracted to the position, we are delighted that the outstanding choice to lead ASX as its new CEO comes from within the organisation. It is testament to Helen’s qualities and highlights the strength within ASX’s executive ranks. It also reflects the Board’s confidence in the strategy and performance of the company in recent years. We look forward to the fresh ideas and enthusiasm Helen will bring to the role as our new CEO. Her appointment ensures a smooth and orderly CEO transition. ASX’s exciting future is in strong and capable hands.”

“The Board has been consistently impressed with Helen’s exceptional capability and demonstrated leadership, and believe she is the best candidate to steer ASX. Helen has successfully managed changing priorities in dynamic environments, and done so while delivering critical market infrastructure. She has a strong understanding of our values and strategy, and a proven ability to lead large and diverse teams and deliver growth. Importantly, Helen is already known and highly regarded by our people, customers and regulators, and has a deep understanding of the regulatory environment in which ASX operates.”

Helen Lofthouse, the upcoming CEO of ASX, said: “I am honoured and humbled to be chosen as the CEO of ASX given the critical role it plays in Australia’s financial markets. I have been working with an extremely talented and dedicated group of people right across ASX, including at the executive level, in ASX’s derivatives and OTC markets and clearing businesses, and more recently in cash equities and the various risk, compliance, technology and operational teams who support them. It has been an exciting and rewarding experience.

“As a member of the senior executive leadership for almost seven years, I have strong working relationships with people and teams throughout the organisation. I am looking forward to helping shape ASX’s future as we continue our transformation and leverage our technology platform to deliver further value for customers, staff, shareholders and the investing public. I am also indebted to Dominic Stevens for ensuring ASX is in a strong financial, operational and technological position, and with considerable growth optionality when he leaves.”

The retiring CEO, Dominic Stevens, will continue as CEO until 31 July 2022,  and will be available to advise and assist ASX with transition until 30 September.

“Dominic has driven the execution of our strategy to build an exchange for the future. He has done a great deal to contemporise the organisation, improve the resilience and functionality of our operating platforms, position ASX to capitalise on new growth opportunities and lift the experience for our customers”, said Damian Roche.

Read this next

blockdag

BlockDAG’s $28.5M Presale Ignites Investor Frenzy! Dashboard Upgrade Unveils Top Rankings, Overshadowing Retik Finance Listings!

Learn how BlockDAG’s updated dashboard, featuring detailed community rankings, is diverting investor interest from Retik Finance’s anticipated market entries.

Digital Assets

Gala Games reportedly hacked for $200 million, token nosedives

The native token of crypto gaming project Gala Games (GALA) dropped sharply amid rumors of a massive transfer worth over $200 million that traders suspected might be a hack.

Digital Assets

Ether skyrockets amid rumors of spot ETF approval

The chances of the U.S. government approving spot Ether ETFs have increased, according to top Bloomberg ETF analysts. Initially viewed as unlikely, analysts James Seyffart and Eric Balchunas now see a 75% chance of approval, up from 25%, following recent developments.

Digital Assets

New York judge approves $2 billion settlement with Genesis

A New York bankruptcy judge has approved a $2 billion settlement between the New York State Attorney General’s office and crypto lender Genesis, marking the largest settlement against a crypto firm in the state’s history.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: Federal Reserve Policy, ECB, Geopolitical Tensions, May 20 ,2024

Fed holding rates to fight inflation, ECB likely cuts June rates, geopolitical tensions favor safe-haven USD

Digital Assets

Grayscale CEO steps down, replaced by Goldman Sachs veteran

Grayscale CEO Michael Sonnenshein after 10 years with the digital asset investment firm, the company said on Monday.

blockdag

Influencers Fuel BlockDAG’s $28.4M Presale Amid Solana Price Surge & Kaspa Bull Run

Dive into BlockDAG’s presale success, boosted by influencer endorsements. Explore the Solana price surge and Kaspa’s bullish sentiments.

Market News, Tech and Fundamental, Technical Analysis

EURGBP Technical Analysis Report 20 May, 2024

EURGBP currency pair can be expected to fall further toward the next support level 0.8525, which is the low of the previous corrective wave ii.

Digital Assets

Pump.fun exec arrested for $1.9 million exploit, claims bail in UK

Jarett Dunn, a former employee of the memecoin creator and trading platform pump.fun, claims he was arrested and subsequently released on bail in the United Kingdom following a $1.9 million exploit on the platform.

<