Dominic Stevens to Leave ASX after Eight Years

Dominic Stevens, the CEO of ASX has announced his resignation. Stevens will retire from his role at the stock exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term and all executive positions. He is to remain in position until a successor is found by the board.

“It is an honor to serve as the CEO of ASX, which plays a crucial role in Australian and global financial markets. I am proud of what we have accomplished for our customers, staff, shareholders and our industry. Now is the appropriate time for a new CEO to be transitioned into the company and to take charge of the next phase of ASX’s growth and innovation,” Stevens added.

“It has been my great privilege to work with an exceptionally skilled team whose enthusiasm and hard work have helped position ASX as a global exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term leader. I wish to thank all our people for their professionalism and dedication, particularly during the pandemic. My plan is to retire from executive roles after leaving ASX. In the meantime, I remain committed to the company and to ensuring my successor has time to get their feet under the table in preparation for the next chapter in ASX’s future.”

Stevens said that he is unwilling to commit for an additional 6 years after being at ASX for 'close to a decade.'

“As you start thinking more clearly about these things, you realize, 2028, for me, is a long way away, having already been here close to a decade. You start saying, actually, that is someone else’s strategy to drive it, and we should start thinking about actually that person getting in the seat and actually getting up to speed and crossing over with me and also crossing over with the end of this project.”

ASX Revenue

As Stevens offered his resignation, ASX net profit has increased to $179.7 million (approx.) in the past 6 months compared to the previous year. The operating revenue increased by +6.6% to $360.2 (approx.).

Furthermore, ASX declared an interim dividend of A$1.164 a share, compared to A$1.124 a year earlier.