Sign up to get the latest stories and insights delivered to your inbox – free, every day.
The chief executive of the Australian Securities Exchange, Helen Lofthouse, has resigned and will depart in May.
Lofthouse became chief executive of the ASX in 2022 and joined the company in 2025.
Her tenure has been bogged down in problems related to the replacement of the ageing CHESS settlement system, which has drawn strong criticism from Australia markets regulator Asic and the Reserve Bank of Australia.
Asic is suing the ASX over announcements it made to the market on the project.
The ASX scrapped plans for a blockchain-based solution and took around A$250m ($292m) in writedowns on the project, and has now engaged Tata Consultancy Services to build a new solution which is not expected to be operational until 2032.