ASX Limited advises that Managing Director and Chief Executive Officer (CEO) Dominic Stevens has announced his intention to retire this year, with the Board beginning a process for a timely and orderly transition to a new CEO.

Mr Stevens is now in his ninth year at ASX and sixth as CEO, having joined ASX as an independent non-executive director in December 2013 after close to 30 years’ experience in financial markets. He was appointed ASX CEO in August 2016.

Mr Stevens will continue as CEO until the commencement of his successor. This will ensure stability for the company, assist in an orderly transfer of executive responsibility, and maintain ASX’s focus on providing safe and secure critical financial market infrastructure.

ASX Chairman Damian Roche commented: “While Dominic will remain CEO for some time yet, I would like to thank him for his stewardship during a period of major change and challenge for our company and the industry.”

A global search will commence with the Board assisted by Egon Zehnder.

Mr Stevens said:

“It is an honour to serve as the CEO of ASX, which plays a critical role in Australian and global financial markets. I am proud of what we have accomplished for our customers, staff, shareholders and our industry. Now is the appropriate time for a new CEO to be transitioned into the company and to take charge of the next phase of ASX’s growth and innovation.

My plan is to retire from executive roles after leaving ASX. In the meantime, I remain committed to the company and to ensuring my successor has time to get their feet under the table in preparation for the next chapter in ASX’s future.”