Former ASIC commissioner takes up board role at Cboe
Former ASIC commissioner, Cathie Armour, has taken up a non-executive director role at Cboe Australia.
Armour would join the firm on 1 April, 2023 after a decade at the Australian Securities and Investments Commission (ASIC) which she departed last June.
During her time at the regulator, she worked closely on market infrastructure, market surveillance, supervision of market intermediaries and the enforcement of laws relating to market integrity.
She had also served as general counsel at Macquarie Capital and J.P. Morgan Australia.
Her appointment follows the retirement of David Trude from the Cboe Australia board, effective 31 March, 2023.
Cboe was formerly known as Chi-X Australia and is Australia’s second-largest stock exchange behind the Australian Securities Exchange (ASX). It rebranded as Cboe in February 2022.
Cboe Australia chairman, Ade Cordell, said: “We are delighted to welcome Cathie to the Cboe Australia board. Cathie’s combined experience as a senior markets regulator, and general counsel to large financial services organisations is unsurpassed.
“As Cboe Australia continues to pursue its strategy of improving and growing the securities and derivatives markets in Australia and the Asia Pacific, Cathie’s experience will prove invaluable.”
David Trude said: “It has been an honour to have been part of the Cboe Australia journey. I have worked with some of the most exceptional and well-respected individuals within our industry, in particular the late Peter Fowler, who as the then Chi-X Australia’s first CEO, was a pioneer in successfully launching genuine competition between Australia’s market operators.
“His legacy is strong within the company as it solidifies its position as one of the world’s most innovative exchanges by maintaining its focus on best-in-class technology, product innovation and client service.”
AUTHOR
Laura Dew
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