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Investment
2 mins to read

ASX chair Roche falls on his sword over Chess fiasco

Roche was not named in the Asic legal claim, but has faced strong pressure from investors to resign.

The ASX is facing a maximum penalty of A$555m under the Asic lawsuit.

ASX chairman Damian Roche is headed for retirement as the exchange continues to struggle with the replacement for its ageing Chess clearing infrastructure, a process which has seen regulator Australian Securities and Investment Commission (Asic) sue the market operator.

Roche, who has been in the

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Lachlan Colquhoun Wed, 11 Sep 2024
Contact the Writer: lachlan@nbr.co.nz
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ASX chair Roche falls on his sword over Chess fiasco
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