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ASX (ASX:ASX) appoints Helen Lofthouse as new MD and CEO

ASX 200, ASX News
     MCAP $12.83B
02 June 2022 09:59 (AEDT)

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The ASX (ASX) has appointed Helen Lofthouse as its new Managing Director and CEO, effective from August 1.

Ms Lofthouse was selected to replace outgoing CEO Dominic Stevens following a “comprehensive and competitive” search by the ASX board with the help of executive search firm Egon Zehnder.

She is currently ASX’s Group Executive, Markets — 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.

An accomplished financial markets executive, Ms Lofthouse has over 20 years of experience in cash equity and debt markets, listed and OTC derivatives, and clearing and settlement services.

Prior to her seven years at the ASX, she was based in London where she was a Managing Director at UBS, and before that, she worked in various senior roles at JPMorgan.

ASX Chairman Damian Roche said Ms Lofthouse’s appointment was a testament to her qualities and reflected the ASX board’s confidence in the strategy and performance of the company.

“Helen has successfully managed changing priorities in dynamic environments and done so while delivering critical market infrastructure,” Mr Roche said.

“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.”

Ms Lofthouse said she was “delighted” by the opportunity and called working at the ASX so far “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,” Ms Lofthouse said.

“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.”

Mr Stevens will continue to hold the top job at the ASX until July 31 and has agreed to remain available to advise and assist ASX with the transition until September 30.

He intends to retire once his exit from the ASX is complete.

Shares in the ASX last traded at $81.43 as of June 1.

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