ASX has announced it intends to split the current group executive, technology and data and chief information officer (CIO) role, to create a standalone technology division under a dedicated CIO.
According to the market operator, the restructure is expected to deepen its focus on enterprise technology.
The dedicated CIO role is set to focus on ensuring system resilience across ASX, and the delivery of multi-year technology transformation programs. When appointed, the new CIO is planned to report directly to chief executive officer Helen Lofthouse.
Moreover, the ASX said the separate technology division would also free up the current group executive, technology and data and CIO, Dan Chesterman, to focus on leading the customer-facing technology and data business — the market operator’s fastest-growing business.
Moving forward, ASX said Mr Chesterman would continue to pursue strategic initiatives such as expanding customer access to its datasets.
Commenting on the transition, Ms Lofthouse said: “ASX operates multiple areas of critical market infrastructure for the region, and this additional role will provide further breadth and depth in this key area underpinning our business.
“The change creates a single point of senior executive focus and accountability for delivering ASX’s enterprise-wide technology renewal program, while also providing focused leadership for our technology and data business which is charged with maturing ASX’s enterprise data capability and growing ASX’s technical and data products and services.”
Ms Lofthouse agreed that the new division would provide additional scope for Mr Chesterman and his team to focus their efforts on data and technology innovation, as well as expanding enterprise data capability across data science and analytics, information services, data governance and the ASX data platform.
ASX said there would be no changes to the delivery of its CHESS replacement solution design, which is led by technology transformation project director Tim Whiteley, who reports directly to Ms Lofthouse.
The restructure follows ASX announcing the appointment of Vicki Carter and Luke Randell as non-executive directors last month, continuing the market operator’s board renewal program.
