Australian Securities Exchange (ASX) Appoints David Clark as Chairman Pending AGM on 28th October 2024, Current ASX Chairman Damian Roche to Retire, ASX Current Market Value at $8.3 Billion, Share Price +0.4% YTD, +12% in Last 12 Months, -22% in Last 5 Years
16th September 2024 | Hong Kong
The Australian Securities Exchange (ASX) has appointed David Clark as Chairman Elect pending AGM (Annual General Meeting) on 28th October 2024, with current ASX Chairman Damian Roche to retire after the AGM. ASX current market value is at $8.3 billion, with share price +0.4% YTD, +12% in the last 12 months, and -22% in the last 5 years. ASX (11/9/24): “ASX announces today that David Clarke joins the ASX Limited Board as Non-Executive Director and Chair Elect, and will assume the role of Chair following the company’s Annual General Meeting (AGM) on 28 October 2024. Current Chair, Damian Roche, confirms he will retire from the ASX Board at the conclusion of the AGM. Mr Roche was re-elected at ASX’s 2023 AGM, and he stated at the time that he would be serving his final term as he focused on board renewal and the transition to a new Chair. Mr Clarke is a seasoned director having served as Chair of several ASX-listed Boards, and he has also had an extensive executive career spanning senior management and CEO roles in banking, commercial property and funds management. Mr Clarke, whose appointment is effective immediately, will stand for election at the AGM and expects to reduce his existing professional commitments over time.” David Clarke LLB – Mr Clarke was Chief Executive Officer of Investec Bank (Australia) Limited from 2009 to 2013. Prior to joining Investec Bank, Mr Clarke was the CEO of Allco Finance Group and a Director of AMP Limited, following five years at Westpac Banking Corporation where he held a number of senior roles, including Chief Executive of BT Financial Group. He was previously employed at Lend Lease Corporation Limited where he was an Executive Director and Chief Executive of MLC Limited, and prior to this was Chief Executive Officer of Lloyds Merchant Bank in London. Mr Clarke’s deep board experience spans almost 20 years and he is presently Chair of Charter Hall Group, AUB Group, Fisher Funds Management Limited and Resolution Life Australasia Limited. Mr Clarke has announced he will retire from the Board of AUB Group on 31 October 2024, following its Annual General Meeting.
“ Australian Securities Exchange (ASX) Appoints David Clark as Chairman Pending AGM on 28th October 2024, Current ASX Chairman Damian Roche to Retire, ASX Current Market Value at $8.3 Billion, Share Price +0.4% YTD, +12% in Last 12 Months, -22% in Last 5 Years “
Mr Roche: “ASX plays a central role in the nation’s economy, and navigating the process of board renewal in my time as Chair has been key in moving toward our next chapter under our new era strategy. As with all transformations, there remains much work to do but I’m confident Helen Lofthouse and her team will continue to drive our strategic outcomes with the guidance of a highly-credentialed Chair. In addition to his deep boardroom experience and extensive executive career in financial services, David brings the right combination of skills and experience to take ASX forward.”
Mr Clarke: “It is a privilege to take up the role of Chair at an institution that stands at the heart of Australia’s financial markets, and I look forward to working with the Board, Helen and the management team to continue building the capability, trust and confidence befitting a world class exchange. I am honoured to be part of the journey that ensures a successful future for ASX.”
David Clarke LLB – Mr Clarke was Chief Executive Officer of Investec Bank (Australia) Limited from 2009 to 2013. Prior to joining Investec Bank, Mr Clarke was the CEO of Allco Finance Group and a Director of AMP Limited, following five years at Westpac Banking Corporation where he held a number of senior roles, including Chief Executive of BT Financial Group. He was previously employed at Lend Lease Corporation Limited where he was an Executive Director and Chief Executive of MLC Limited, and prior to this was Chief Executive Officer of Lloyds Merchant Bank in London. Mr Clarke’s deep board experience spans almost 20 years and he is presently Chair of Charter Hall Group, AUB Group, Fisher Funds Management Limited and Resolution Life Australasia Limited. Mr Clarke has announced he will retire from the Board of AUB Group on 31 October 2024, following its Annual General Meeting.
Australian Securities Exchange (ASX) Appoints David Clark as Chairman Pending AGM on 28th October 2024, Current ASX Chairman Damian Roche to Retire, ASX Current Market Value at $8.3 Billion, Share Price +0.4% YTD, +12% in Last 12 Months, -22% in Last 5 Years
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