ASX names insider Darren Yip as interim CEO; shares rise

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April 29, 2026 7:16 PM EDT

A man walks near displays of the ASX logo at the Australian Securities Exchange in Sydney, Australia, April 22, 2026. REUTERS/Hollie Adams TPX IMAGES OF THE DAY

April 30 (Reuters) - Australian ‌bourse operator ​ASX ​said on Thursday it has appointed insider Darren Yip as its interim chief ‌executive officer, effective May 29.

Yip, who joined ASX ⁠in 2023 and is currently its group executive for ‌markets and listings, will take ‌over from Managing Director and CEO Helen Lofthouse, who announced her departure in February.

Yip will ​lead ASX on an interim basis from end-May as the board continues search for a ⁠permanent CEO, the company said in a statement.

"This appointment supports a ​planned process with ample time for handover activities in the coming month," ASX said.

Shares ​of the bourse operator rose ‌as much as 3.9% to A$60.080 by 0024 GMT, hitting their highest since ⁠September 24, 2025. The stock was set for its strongest trading session since April 9, if current gains ⁠held.

Lofthouse resigned in February after an 11-year career at ​the exchange operator. The firm did not give any specific reason for her departure at the time.

ASX has faced regulatory ‌scrutiny in recent years following a series of operational issues, including a ‌company name mix-up in August 2025 and an ⁠outage of its announcements ‌platform in early ​December.

(Reporting by Shivangi Lahiri in Bengaluru; Editing by Tasim Zahid, Jonathan Ananda and Subhranshu ‌Sahu)


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