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ASX fills CIO role to lead technology division

By Reporter
3 minute read

The market operator has confirmed its new chief information officer.

ASX has announced that Tim Whiteley will step into the role of chief information officer (CIO) as of 1 July, after being named as technology transformation project director last November.

According to ASX, Mr Whiteley will be responsible for its enterprise technology functions, technology and data security, data governance, technology infrastructure and delivering the market operator’s multi-year technology modernisation program and capability uplift.

Before joining ASX, Mr Whiteley previously held positions at Westpac and Commonwealth Bank, leading large enterprise-wide technology transformation projects.


“Tim is a highly skilled technology transformation executive who brings to ASX more than 25 years’ experience in business and technology roles across Australian financial services,” said ASX managing director and chief executive officer Helen Lofthouse.

“I am pleased to be making this announcement after a competitive global search with very high-quality candidates. Tim’s deep expertise in technology and project execution in the financial services industry will be invaluable as ASX looks to contemporise its technology and deliver critical market infrastructure.”

Mr Whiteley was originally appointed to lead the CHESS replacement solution design work after ASX confirmed it would reassess all aspects of the project in November last year.

The Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA) subsequently instructed ASX to improve its program delivery capabilities and bring the CHESS replacement project back on track.

“Importantly, Tim’s appointment as CIO provides continuity of technology leadership for CHESS replacement,” Ms Lofthouse noted.

“The CHESS replacement solution design team will continue to be led by Tim while he puts in place a new leadership team structure for the CHESS replacement program. As CIO, he will also have accountability for delivery of the technical aspects of the CHESS replacement program.”

The appointment follows ASX’s announcement in March that it would split its group executive, technology and data, and CIO role to create a standalone technology division.

ASX clarified that Dan Chesterman would continue as group executive, technology and data, with responsibility for the market operator’s enterprise data capability as well as growing its customer-facing technology and data business.

“I would like to thank Dan for his considerable efforts to manage what has effectively been two significant executive roles,” said Ms Lofthouse.

“This change will enable Dan and his high -performing team to focus their energy on growing new areas of data and technology innovation.”

Last week, ASX also announced that it had updated the proposed eligibility criteria for its CHESS Replacement Partnership Program in response to industry feedback.