Crash bourse
A ticker debacle, ASIC probe and sinking listings aren’t moving ASX boss Helen Lofthouse, who is digging in for at least three more years at the helm.
Such is life in the C-suite: the moment a job is at its least appealing is often when you have to fight hardest to keep it.
So it is for ASX chief executive Helen Lofthouse, who is digging in to lead the exchange for at least three more years despite a string of destabilising events in recent weeks.
Chief among them was an embarrassing blunder in which the global private equity firm TPG was confused with listed carrier TPG Telecom, triggering a $400 million sell-off in one of the exchange’s top 100 companies.
“We’re two years through a multifaceted transformation of ASX. It’s not a straightforward process, but it is a really important one for the company, our shareholders and the market,” Lofthouse told Capital Brief following the company’s full-year result.
