ASX CHESS lead Clive Triance to retire
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The news: The ASX has announced the retirement of its group executive for securities and payments Clive Triance, who will leave in June 2026.
The context: Triance has led the CHESS replacement project since 2023 and will leave after the go-live of CHESS Release 1.
The ASX said an internal and external search process will be undertaken to replace Triance.
Last week, ASX chair David Clarke told Capital Brief that initial testing of the CHESS replacement program had "no red flags" and that it was going "quite well".
What they said: ASX chief executive Helen Lofthouse said: “ASX is now months away from the go-live of Release 1, and we continue to work with the industry to finalise implementation.
“Work on the build of Release 2 also continues in parallel. Clive has been instrumental in progressing delivery of Release 1, which is a critical ASX priority. Under his leadership, the Release 1 team, the broader S&P business and ASX technology have been working together to ensure quality delivery for participants, including all recent industry testing milestones.
“As we continue to work towards the delivery of Release 1 in Q4 of FY26, I’m so pleased that Clive will remain with us through this important phase. His continued focus and drive ensures a smooth and orderly transition of responsibilities in the coming months.”
The source: ASX
