ASX CEO and Managing Director, Helen Lofthouse, said: “Over the past few months, we’ve had the chance to recognise how much has been achieved in recent years but also how much more opportunity remains within the Technology & Data business. Under Dan, the focus of the team is more developed and our strategic priorities are well embedded, which makes this the right time for handing over to someone who will lead the execution over the next 3-5 years.

“Dan has always brought a really positive energy to the Group, first as our Chief Information Officer and then as leader of our Technology & Data business. He is a valued member of the Executive Team and I’ve really enjoyed working with him both as a peer and as a direct report.”

As the Group Executive for Technology & Data, Mr Chesterman’s responsibilities include the data products ASX distributes (market data, reference data, benchmarks and indices, and DataSphere), as well as ASX’s data centre and connectivity services businesses including the Australian Liquidity Centre and ASX Net. He is also responsible for ASX’s enterprise data strategy, the ASX Synfini offering, and a team that focuses on new product development and innovation.

A search has now commenced to replace the role and Mr Chesterman will continue to support ASX over the coming months as a transition plan is put in place.