ASX Has Added A Position For CIO
The Australian Securities Exchange (ASX) is making a separate division for technology that will be led by a chief information officer.
The role of group executive, technology and data, and chief information officer (CIO), which is currently held by Dan Chesterman, will be split.
Chesterman will focus on running the technology and data business that deals with customers. This is the fastest-growing part of the exchange right now.
The new CIO, who will report directly to CEO Helen Lofthouse, will be in charge of making sure that all ASX systems are reliable and delivering multi-year technology transformation programs.
Says Lofthouse:
“The change creates a single point of senior executive focus and accountability for delivering ASX’s enterprise-wide technology renewal programme, 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.
It also provides additional scope and bandwidth for Dan Chesterman and the team to focus their efforts on data and technology innovation, and expanding enterprise data capability across data science and analytics, information services, data governance and the ASX data platform.”
Tim Whiteley, who is in charge of the project, won’t have to make any changes to the troubled replacement of the Chess post-trade settlement system by ASX. In November, ASX finally gave up on a blockchain-based Chess replacement that had been in the works for a long time. They wrote off about A$250 million.
Comments
Post a Comment