Australian stock exchange operator ASX Ltd has appointed Lucinda McCann as its new chief compliance officer, effective immediately, the company announced on Monday. The move comes as ASX faces growing regulatory pressure and scrutiny amid efforts to deliver on its multi-year turnaround plan.
ASX has been under close watch following a series of compliance and operational challenges, including criticism from the Reserve Bank of Australia over its governance and an ASIC probe launched in June. Last month, Chair David Clarke emphasized that the exchange’s ongoing transformation programme “cannot fail,” underscoring the need to strengthen its technology infrastructure and risk management.
Now midway through a five-year modernization effort aimed at improving operational resilience after several disruptions, including a major trading settlement delay in 2024, ASX is working to rebuild market confidence.
McCann brings over 25 years of experience, joining from Norton Rose Fulbright, where she was a partner. She previously spent five years at the Australian Prudential Regulation Authority (APRA), including as chief general counsel. She replaces Daniel Moran, who stepped down in July after 15 years with the company.
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