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ASX Clearing and Settlement Boards

Backed by significant capital and collateral, and overseen by Australian regulators, ASX’s clearing and settlement infrastructure supports the world-class reputation of Australia's financial markets.

ASX Clear is the clearing house for Australia’s equity markets, including cash equities and equity options.

ASX Clear:

ASX Clear is authorised to clear transactions for certain customers located in a number of jurisdictions, including the EU and United States.

ASX Clear is currently the sole provider of clearing services for Australia’s equity markets, and has made a number of commitments to customers of its cash equities clearing services which are set out in a Code of Practice.

The Board of ASX Clear is made up of non-ASX Limited directors. The directors of ASX Clear are listed below.

Stephen Knight

Independent, Non-Executive Director
BA, FAICD

Skills, experience and expertise

Mr Stephen Knight is the Chair, and one of the non-ASX Limited directors, of ASX Clear Pty Limited and ASX Settlement Pty Limited, ASX’s clearing and settlement licensees for Australia’s equity markets. He was appointed as Chair of ASX Clear (Futures) Pty Limited and Austraclear Limited in May 2022. He is also a director of the ASX Group’s other clearing and settlement subsidiaries.

Mr Knight has more than 40 years of experience in the Australian finance industry. He served as CEO of NSW Treasury Corporation (TCorp) for 10 years. Prior, he was Head of Treasury and Capital Markets at UBS Australia, and Executive Treasurer for ANZ Banking Group.

MORE INFORMATION

Carolyn Colley

Independent, Non-Executive Director
FCA, GAICD

Skills, experience and expertise

Ms Carolyn Colley is one of the non-ASX Limited directors of ASX’s clearing and settlement licensees for Australia’s equity markets, ASX Clear Pty Limited and ASX Settlement Pty Limited. She is also a director of the ASX Group’s other clearing and settlement subsidiaries and a member of the Technology Committee.

Ms Colley has more than 30 years of leadership experience spanning the financial services, product development, technology, and innovation sectors. She held senior executive roles at Macquarie Bank, St.George Bank, BT Financial Group and Faethm – a global analytics software-as-a-service platform.

MORE INFORMATION

John Buckley

Independent, Non-Executive Director
BEng (Hons), Electrical and Electronic Engineering
ACMA – Chartered Institute of Management Accountants
AMCT – Association of Corporate Treasurers
ACGI – City & Guilds Institute 

Skills, experience and expertise

Mr John Buckley is one of the non-ASX Limited directors of ASX’s clearing and settlement licensees Australia’s equity markets, ASX Clear Pty Limited and ASX Settlement Pty Limited. He is also a director of the ASX Group’s other clearing and settlement subsidiaries and a member of the Technology Committee.

Mr Buckley is a senior business leader with subject matter expertise spanning three decades across all facets of finance, risk, and operations in banks, hedge funds, trading firms and exchanges.

MORE INFORMATION

John Cincotta

Independent, Non-Executive Director
BBus, CPA

Skills, experience and expertise

Mr John Cincotta is one of the non-ASX Limited directors of ASX’s clearing and settlement licensees for Australia’s equity markets, ASX Clear Pty Limited and ASX Settlement Pty Limited. He is also a director of the ASX Group’s other clearing and settlement subsidiaries. 

Mr Cincotta has over 30 years of experience in financial services across sales and trading, corporate and investment banking, asset and private wealth management and retail banking. He brings deep experience in risk management, strategy, transformational change, finance, corporate governance, regulation, operations and technology. Prior to joining ASX, he had held several senior executive roles at Deutsche Bank Australia and New Zealand, including as Deputy Chief Executive Officer, Chief Operating Officer and Chief Risk Officer. He was also a co-founder and later a director of Barrenjoey Capital Partners Group Holdings Pty Ltd, where he served as Chair of its Audit Committee. 

Mr Cincotta is a Non-Executive Director of Australia and New Zealand Banking Group Limited, ANZ BH Pty Ltd, and Norfina Limited (Suncorp Bank). 

MORE INFORMATION

ASX Clear (Futures) is the clearing house for Australia’s derivatives and OTC markets.

ASX Clear (Futures):

The Board of ASX Clear (Futures) is made up of non-ASX Limited directors. The directors of ASX Clear (Futures) are listed below.

Stephen Knight

Independent, Non-Executive Director
BA, FAICD

Skills, experience and expertise

Mr Stephen Knight is the Chair, and one of the non-ASX Limited directors, of ASX Clear Pty Limited and ASX Settlement Pty Limited, ASX’s clearing and settlement licensees for Australia’s equity markets. He was appointed as Chair of ASX Clear (Futures) Pty Limited and Austraclear Limited in May 2022. He is also a director of the ASX Group’s other clearing and settlement subsidiaries.

Mr Knight has more than 40 years of experience in the Australian finance industry. He served as CEO of NSW Treasury Corporation (TCorp) for 10 years. Prior, he was Head of Treasury and Capital Markets at UBS Australia, and Executive Treasurer for ANZ Banking Group.

MORE INFORMATION

Carolyn Colley

Independent, Non-Executive Director
FCA, GAICD

Skills, experience and expertise

Ms Carolyn Colley is one of the non-ASX Limited directors of ASX’s clearing and settlement licensees for Australia’s equity markets, ASX Clear Pty Limited and ASX Settlement Pty Limited. She is also a director of the ASX Group’s other clearing and settlement subsidiaries and a member of the Technology Committee.

Ms Colley has more than 30 years of leadership experience spanning the financial services, product development, technology, and innovation sectors. She held senior executive roles at Macquarie Bank, St.George Bank, BT Financial Group and Faethm – a global analytics software-as-a-service platform.

MORE INFORMATION

John Buckley

Independent, Non-Executive Director
BEng (Hons), Electrical and Electronic Engineering
ACMA – Chartered Institute of Management Accountants
AMCT – Association of Corporate Treasurers
ACGI – City & Guilds Institute 

Skills, experience and expertise

Mr John Buckley is one of the non-ASX Limited directors of ASX’s clearing and settlement licensees Australia’s equity markets, ASX Clear Pty Limited and ASX Settlement Pty Limited. He is also a director of the ASX Group’s other clearing and settlement subsidiaries and a member of the Technology Committee.

Mr Buckley is a senior business leader with subject matter expertise spanning three decades across all facets of finance, risk, and operations in banks, hedge funds, trading firms and exchanges. 

MORE INFORMATION

John Cincotta

Independent, Non-Executive Director
BBus, CPA

Skills, experience and expertise

Mr John Cincotta is one of the non-ASX Limited directors of ASX’s clearing and settlement licensees for Australia’s equity markets, ASX Clear Pty Limited and ASX Settlement Pty Limited. He is also a director of the ASX Group’s other clearing and settlement subsidiaries. 

Mr Cincotta has over 30 years of experience in financial services across sales and trading, corporate and investment banking, asset and private wealth management and retail banking. He brings deep experience in risk management, strategy, transformational change, finance, corporate governance, regulation, operations and technology. Prior to joining ASX, he had held several senior executive roles at Deutsche Bank Australia and New Zealand, including as Deputy Chief Executive Officer, Chief Operating Officer and Chief Risk Officer. He was also a co-founder and later a director of Barrenjoey Capital Partners Group Holdings Pty Ltd, where he served as Chair of its Audit Committee. 

Mr Cincotta is a Non-Executive Director of Australia and New Zealand Banking Group Limited, ANZ BH Pty Ltd, and Norfina Limited (Suncorp Bank). 

MORE INFORMATION

ASX Settlement is the settlement and depositary system for Australia’s equity markets.

ASX Settlement:

ASX Settlement is currently the sole provider of settlement services for Australia’s equity markets, and has made a number of commitments to customers of its cash equities settlement services, which are set out in a Code of Practice.

The Board of ASX Settlement is made up of non-ASX Limited directors. The directors of ASX Settlement are listed below.

Stephen Knight

Independent, Non-Executive Director
BA, FAICD

Skills, experience and expertise

Mr Stephen Knight is the Chair, and one of the non-ASX Limited directors, of ASX Clear Pty Limited and ASX Settlement Pty Limited, ASX’s clearing and settlement licensees for Australia’s equity markets. He was appointed as Chair of ASX Clear (Futures) Pty Limited and Austraclear Limited in May 2022. He is also a director of the ASX Group’s other clearing and settlement subsidiaries.

Mr Knight has more than 40 years of experience in the Australian finance industry. He served as CEO of NSW Treasury Corporation (TCorp) for 10 years. Prior, he was Head of Treasury and Capital Markets at UBS Australia, and Executive Treasurer for ANZ Banking Group.

MORE INFORMATION

Carolyn Colley

Independent, Non-Executive Director
FCA, GAICD

Skills, experience and expertise

Ms Carolyn Colley is one of the non-ASX Limited directors of ASX’s clearing and settlement licensees for Australia’s equity markets, ASX Clear Pty Limited and ASX Settlement Pty Limited. She is also a director of the ASX Group’s other clearing and settlement subsidiaries and a member of the Technology Committee.

Ms Colley has more than 30 years of leadership experience spanning the financial services, product development, technology, and innovation sectors. She held senior executive roles at Macquarie Bank, St.George Bank, BT Financial Group and Faethm – a global analytics software-as-a-service platform.

MORE INFORMATION

John Buckley

Independent, Non-Executive Director
BEng (Hons), Electrical and Electronic Engineering
ACMA – Chartered Institute of Management Accountants
AMCT – Association of Corporate Treasurers
ACGI – City & Guilds Institute 

Skills, experience and expertise

Mr John Buckley is one of the non-ASX Limited directors of ASX’s clearing and settlement licensees Australia’s equity markets, ASX Clear Pty Limited and ASX Settlement Pty Limited. He is also a director of the ASX Group’s other clearing and settlement subsidiaries and a member of the Technology Committee.

Mr Buckley is a senior business leader with subject matter expertise spanning three decades across all facets of finance, risk, and operations in banks, hedge funds, trading firms and exchanges. 

MORE INFORMATION

John Cincotta

Independent, Non-Executive Director
BBus, CPA

Skills, experience and expertise

Mr John Cincotta is one of the non-ASX Limited directors of ASX’s clearing and settlement licensees for Australia’s equity markets, ASX Clear Pty Limited and ASX Settlement Pty Limited. He is also a director of the ASX Group’s other clearing and settlement subsidiaries. 

Mr Cincotta has over 30 years of experience in financial services across sales and trading, corporate and investment banking, asset and private wealth management and retail banking. He brings deep experience in risk management, strategy, transformational change, finance, corporate governance, regulation, operations and technology. Prior to joining ASX, he had held several senior executive roles at Deutsche Bank Australia and New Zealand, including as Deputy Chief Executive Officer, Chief Operating Officer and Chief Risk Officer. He was also a co-founder and later a director of Barrenjoey Capital Partners Group Holdings Pty Ltd, where he served as Chair of its Audit Committee. 

Mr Cincotta is a Non-Executive Director of Australia and New Zealand Banking Group Limited, ANZ BH Pty Ltd, and Norfina Limited (Suncorp Bank). 

MORE INFORMATION

Austraclear is the settlement and depositary system for Australia’s fixed interest markets.

Austraclear:

The Board of Austraclear is made up of non-ASX Limited directors. The directors of Austraclear are listed below.

Stephen Knight

Independent, Non-Executive Director
BA, FAICD

Skills, experience and expertise

Mr Stephen Knight is the Chair, and one of the non-ASX Limited directors, of ASX Clear Pty Limited and ASX Settlement Pty Limited, ASX’s clearing and settlement licensees for Australia’s equity markets. He was appointed as Chair of ASX Clear (Futures) Pty Limited and Austraclear Limited in May 2022. He is also a director of the ASX Group’s other clearing and settlement subsidiaries.

Mr Knight has more than 40 years of experience in the Australian finance industry. He served as CEO of NSW Treasury Corporation (TCorp) for 10 years. Prior, he was Head of Treasury and Capital Markets at UBS Australia, and Executive Treasurer for ANZ Banking Group.

MORE INFORMATION

Carolyn Colley

Independent, Non-Executive Director
FCA, GAICD

Skills, experience and expertise

Ms Carolyn Colley is one of the non-ASX Limited directors of ASX’s clearing and settlement licensees for Australia’s equity markets, ASX Clear Pty Limited and ASX Settlement Pty Limited. She is also a director of the ASX Group’s other clearing and settlement subsidiaries and a member of the Technology Committee.

Ms Colley has more than 30 years of leadership experience spanning the financial services, product development, technology, and innovation sectors. She held senior executive roles at Macquarie Bank, St.George Bank, BT Financial Group and Faethm – a global analytics software-as-a-service platform.

MORE INFORMATION

John Buckley

Independent, Non-Executive Director
BEng (Hons), Electrical and Electronic Engineering
ACMA – Chartered Institute of Management Accountants
AMCT – Association of Corporate Treasurers
ACGI – City & Guilds Institute 

Skills, experience and expertise

Mr John Buckley is one of the non-ASX Limited directors of ASX’s clearing and settlement licensees Australia’s equity markets, ASX Clear Pty Limited and ASX Settlement Pty Limited. He is also a director of the ASX Group’s other clearing and settlement subsidiaries and a member of the Technology Committee.

Mr Buckley is a senior business leader with subject matter expertise spanning three decades across all facets of finance, risk, and operations in banks, hedge funds, trading firms and exchanges. 

MORE INFORMATION

John Cincotta

Independent, Non-Executive Director
BBus, CPA

Skills, experience and expertise

Mr John Cincotta is one of the non-ASX Limited directors of ASX’s clearing and settlement licensees for Australia’s equity markets, ASX Clear Pty Limited and ASX Settlement Pty Limited. He is also a director of the ASX Group’s other clearing and settlement subsidiaries. 

Mr Cincotta has over 30 years of experience in financial services across sales and trading, corporate and investment banking, asset and private wealth management and retail banking. He brings deep experience in risk management, strategy, transformational change, finance, corporate governance, regulation, operations and technology. Prior to joining ASX, he had held several senior executive roles at Deutsche Bank Australia and New Zealand, including as Deputy Chief Executive Officer, Chief Operating Officer and Chief Risk Officer. He was also a co-founder and later a director of Barrenjoey Capital Partners Group Holdings Pty Ltd, where he served as Chair of its Audit Committee. 

Mr Cincotta is a Non-Executive Director of Australia and New Zealand Banking Group Limited, ANZ BH Pty Ltd, and Norfina Limited (Suncorp Bank). 

MORE INFORMATION

ASX Clearing Corporation is the intermediate holding company for ASX’s clearing licensees ASX Clear and ASX Clear (Futures).

ASX Clearing Corporation manages the treasury function for ASX’s clearing houses.

The directors of ASX Clearing Corporation are listed below.

Stephen Knight

Independent, Non-Executive Director
BA, FAICD

Skills, experience and expertise

Mr Stephen Knight is the Chair, and one of the non-ASX Limited directors, of ASX Clear Pty Limited and ASX Settlement Pty Limited, ASX’s clearing and settlement licensees for Australia’s equity markets. He was appointed as Chair of ASX Clear (Futures) Pty Limited and Austraclear Limited in May 2022. He is also a director of the ASX Group’s other clearing and settlement subsidiaries.

Mr Knight has more than 40 years of experience in the Australian finance industry. He served as CEO of NSW Treasury Corporation (TCorp) for 10 years. Prior, he was Head of Treasury and Capital Markets at UBS Australia, and Executive Treasurer for ANZ Banking Group.

MORE INFORMATION

Carolyn Colley

Independent, Non-Executive Director
FCA, GAICD

Skills, experience and expertise

Ms Carolyn Colley is one of the non-ASX Limited directors of ASX’s clearing and settlement licensees for Australia’s equity markets, ASX Clear Pty Limited and ASX Settlement Pty Limited. She is also a director of the ASX Group’s other clearing and settlement subsidiaries and a member of the Technology Committee.

Ms Colley has more than 30 years of leadership experience spanning the financial services, product development, technology, and innovation sectors. She held senior executive roles at Macquarie Bank, St.George Bank, BT Financial Group and Faethm – a global analytics software-as-a-service platform.

MORE INFORMATION

John Buckley

Independent, Non-Executive Director
BEng (Hons), Electrical and Electronic Engineering
ACMA – Chartered Institute of Management Accountants
AMCT – Association of Corporate Treasurers
ACGI – City & Guilds Institute 

Skills, experience and expertise

Mr John Buckley is one of the non-ASX Limited directors of ASX’s clearing and settlement licensees Australia’s equity markets, ASX Clear Pty Limited and ASX Settlement Pty Limited. He is also a director of the ASX Group’s other clearing and settlement subsidiaries and a member of the Technology Committee.

Mr Buckley is a senior business leader with subject matter expertise spanning three decades across all facets of finance, risk, and operations in banks, hedge funds, trading firms and exchanges. 

MORE INFORMATION

John Cincotta

Independent, Non-Executive Director
BBus, CPA

Skills, experience and expertise

Mr John Cincotta is one of the non-ASX Limited directors of ASX’s clearing and settlement licensees for Australia’s equity markets, ASX Clear Pty Limited and ASX Settlement Pty Limited. He is also a director of the ASX Group’s other clearing and settlement subsidiaries. 

Mr Cincotta has over 30 years of experience in financial services across sales and trading, corporate and investment banking, asset and private wealth management and retail banking. He brings deep experience in risk management, strategy, transformational change, finance, corporate governance, regulation, operations and technology. Prior to joining ASX, he had held several senior executive roles at Deutsche Bank Australia and New Zealand, including as Deputy Chief Executive Officer, Chief Operating Officer and Chief Risk Officer. He was also a co-founder and later a director of Barrenjoey Capital Partners Group Holdings Pty Ltd, where he served as Chair of its Audit Committee. 

Mr Cincotta is a Non-Executive Director of Australia and New Zealand Banking Group Limited, ANZ BH Pty Ltd, and Norfina Limited (Suncorp Bank). 

MORE INFORMATION

Other board members

Directors also on the board of ASX Limited:

  • David Clarke
    Independent Chair
  • Helen Lofthouse
    Managing Director and CEO

  • Luke Randell
    Independent Director

  • Dr Heather Smith PSM FAIIA
    Independent Director

ASX Settlement Corporation is the intermediate holding company for ASX’s settlement licensees ASX Settlement and Austraclear.

The directors of ASX Settlement Corporation are listed below.

Stephen Knight

Independent, Non-Executive Director
BA, FAICD

Skills, experience and expertise

Mr Stephen Knight is the Chair, and one of the non-ASX Limited directors, of ASX Clear Pty Limited and ASX Settlement Pty Limited, ASX’s clearing and settlement licensees for Australia’s equity markets. He was appointed as Chair of ASX Clear (Futures) Pty Limited and Austraclear Limited in May 2022. He is also a director of the ASX Group’s other clearing and settlement subsidiaries.

Mr Knight has more than 40 years of experience in the Australian finance industry. He served as CEO of NSW Treasury Corporation (TCorp) for 10 years. Prior, he was Head of Treasury and Capital Markets at UBS Australia, and Executive Treasurer for ANZ Banking Group.

MORE INFORMATION

Carolyn Colley

Independent, Non-Executive Director
FCA, GAICD

Skills, experience and expertise

Ms Carolyn Colley is one of the non-ASX Limited directors of ASX’s clearing and settlement licensees for Australia’s equity markets, ASX Clear Pty Limited and ASX Settlement Pty Limited. She is also a director of the ASX Group’s other clearing and settlement subsidiaries and a member of the Technology Committee.

Ms Colley has more than 30 years of leadership experience spanning the financial services, product development, technology, and innovation sectors. She held senior executive roles at Macquarie Bank, St.George Bank, BT Financial Group and Faethm – a global analytics software-as-a-service platform.

MORE INFORMATION

John Buckley

Independent, Non-Executive Director
BEng (Hons), Electrical and Electronic Engineering
ACMA – Chartered Institute of Management Accountants
AMCT – Association of Corporate Treasurers
ACGI – City & Guilds Institute 

Skills, experience and expertise

Mr John Buckley is one of the non-ASX Limited directors of ASX’s clearing and settlement licensees Australia’s equity markets, ASX Clear Pty Limited and ASX Settlement Pty Limited. He is also a director of the ASX Group’s other clearing and settlement subsidiaries and a member of the Technology Committee.

Mr Buckley is a senior business leader with subject matter expertise spanning three decades across all facets of finance, risk, and operations in banks, hedge funds, trading firms and exchanges. 

MORE INFORMATION

John Cincotta

Independent, Non-Executive Director
BBus, CPA

Skills, experience and expertise

Mr John Cincotta is one of the non-ASX Limited directors of ASX’s clearing and settlement licensees for Australia’s equity markets, ASX Clear Pty Limited and ASX Settlement Pty Limited. He is also a director of the ASX Group’s other clearing and settlement subsidiaries. 

Mr Cincotta has over 30 years of experience in financial services across sales and trading, corporate and investment banking, asset and private wealth management and retail banking. He brings deep experience in risk management, strategy, transformational change, finance, corporate governance, regulation, operations and technology. Prior to joining ASX, he had held several senior executive roles at Deutsche Bank Australia and New Zealand, including as Deputy Chief Executive Officer, Chief Operating Officer and Chief Risk Officer. He was also a co-founder and later a director of Barrenjoey Capital Partners Group Holdings Pty Ltd, where he served as Chair of its Audit Committee. 

Mr Cincotta is a Non-Executive Director of Australia and New Zealand Banking Group Limited, ANZ BH Pty Ltd, and Norfina Limited (Suncorp Bank). 

MORE INFORMATION

Other board members

Directors also on the board of ASX Limited:

  • David Clarke
    Independent Chair
  • Helen Lofthouse
    Managing Director and CEO

  • Luke Randell
    Independent Director

  • Dr Heather Smith PSM FAIIA
    Independent Director

Where to next?

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ASX operates at the heart of the globally attractive, deep and liquid Australian financial markets. It uses technology to develop innovative solutions that make life easier for our customers and create value for our shareholders.

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