New ASX CEO Must Drive Right Pace of Change, Outgoing Chief Says

ASX Ltd.’s incoming chief Anthony Attia will need to strike a balance between accelerating the exchange operator’s market infrastructure development while ensuring its stakeholders are not left behind, according to the firm’s outgoing leader.

“The key challenge for Anthony is going to be how do we drive the right pace of change,” ASX Chief Executive Officer Helen Lofthouse said at the Stockbrokers and Investment Advisers Association conference in Melbourne Tuesday. She added that ASX sits at the center of critical parts of Australia’s financial system, meaning any major changes require broad market support.