The Australian Securities Exchange Ltd, (ASX) has announced that the ASX Board has appointed Mr Dominic Stevens as its Managing Director and CEO. He takes up his new role today. Since the resignation of former CEO Mr Elmer Funke Kupper, this appointment has been following a comprehensive selection process undertaken by the ASX Board with the assistance of a search firm.
Mr Stevens joined ASX as an independent non-executive director in December 2013. He has served on the Audit and Risk Committee, and on a number of ASX’s clearing and settlement boards.
ASX’s Chairman, Mr Rick Holliday-Smith, welcomed the appointment saying:
Dom’s long involvement in financial markets, his experience as a CEO and his time as a director means the ASX Board is delighted and confident in making this appointment. He is popular and highly-regarded by ASX’s Board, staff and major stakeholders. Dom is ideally qualified to lead the company and build on ASX’s achievements.”
Mr Stevens has close to 30 years’ experience in financial markets. He was CEO of Challenger from 2008 to 2012, before which he was the company’s Deputy CEO and head of capital, risk and strategy. Prior to Challenger he held senior positions during a long career at Bankers Trust Australia. Mr Stevens has served on the ASX Board and understands the company’s strengths and challenges, and the complex global regulatory environment in which ASX operates.
Mr Dominic Stevens said:
I am excited by the opportunity and responsibility the Board has given me to lead ASX. ASX does operate at the heart of Australia’s financial markets. There is no organisation quite like it. The company is in a strong position, has an enviable reputation and is well positioned for future opportunities.
The financial markets are dynamic and ASX will continue to adapt to the changing conditions and needs of its customers. I am looking forward to working more closely with the talented people at ASX, and taking the company’s competitiveness and strong commitments to innovation and customer service to the next level”, said Mr Stevens.