Rick Holliday-Smith will retire from the board on 21 April, saying that it had been a “privilege to serve Australia’s financial markets” and that the exchange remained well positioned to create value for the long-term.
“I have been supported through my term as chairman by ASX’s shareholders and I am grateful to them. And most importantly, I have worked with ASX’s dedicated and talented employees, where I have seen their capabilities grow and the organisation develop and get stronger,” Mr Holliday-Smith said.
“I have enjoyed my time at both ASX and the Sydney Futures Exchange before that, and I am proud of what ASX has achieved and the vital role it plays at the heart of Australia’s economy.”
His successor, current independent director Damian Roche, has more than 20 years’ experience at global investment banks with a specific focus on the Asia-Pacific region. Prior to retiring from executive roles, Mr Roche was at JP Morgan, where he was a member of the global corporate and investment bank operating committee.
“It is an honour to be elected chairman of the ASX and to follow Rick, whose achievements are impressive. ASX, its shareholders and directors have benefited greatly from his leadership,” Mr Roche said.
“Nevertheless, challenges and opportunities continue to present themselves. I am looking forward to engaging with ASX shareholders to understand their perspectives.”
