ASX will now review the feedback submitted from the four-week consultation and follow up with some CHESS users on points of detail they raised in order to meet the new timetable
The extension of this mandate follows an evaluation of the market and an assessment of which custodian was best placed to meet the $21 billion fund’s increasing strategic needs
ASX has released a consultation paper seeking feedback for the revised timeline to replace CHESS
Kevin Lewis has revealed he will be stepping down from his role as the Australian Securities Exchange’s chief compliance officer and will retire from the exchange in mid-2022
ASX’s monthly activity report showed the value of securities held in CHESS was 13 percent lower than the previous corresponding period
The replan will allow extra time for users to complete operational readiness activities and to consider the rule changes that accompany the new system
Identitii has appointed John Rayment as the new CEO, while former CEO and co-founder Nick Armstrong takes on the role of chair.
Citi Australia’s head of securities services, Martin Carpenter, expects the majority of clients to “transition to Citi and benefit from the bank’s industry-leading platforms, proprietary custody network and excellent client servicing”
