The ASX has announced planned changes to its executive leadership team, following Tim Hogben confirming his intentions to take leave before departing the company.

Hogben has stepped down effective immediately and will be succeeded by experienced finance and technology executive Clive Triance, who is currently a Managing Director, Head of Strategic Account Management at a U.S-based financial technology company, FIS.

Triance is expected to begin his new role in August, subject to visa approvals.

Commenting on these changes, ASX Chief Executive Officer (CEO) and Managing Director Helen Lofthouse says: “Tim has shown incredible commitment to ASX over more than 2 decades of service, and his presence and passion for the exchange will be missed.

Having recently supported ASX in navigating the next stage of the CHESS replacement project, as well as delivering the special report on the supportability and maintenance of current CHESS, Tim and I have been discussing his longer-term plans and desire to take a break ahead of pursuing new opportunities.”

Additionally, ASX Group Executive, People and Culture Lisa Green has confirmed her intention to depart from the company, following 8 years working with ASX.

Commenting on Green’s departure, Lofthouse said: “Lisa led our COVID-19 response, significantly uplifted ASX’s people and culture practices, and has driven the ongoing effort to create a more diverse and inclusive workforce. I’m grateful for the valued contribution Lisa has made and I’m pleased she will continue to support ASX until we finalise a transition of responsibilities.”

ASX has expanded the remit of the People and Culture portfolio to include certain transformation responsibilities and is recruiting a new Chief People Officer. Green is continuing her position until the new Chief People Officer has been appointed.