By Shaun Drummond
The Australian Securities Exchange has appointed senior JPMorgan banker Damian Roche as a non-executive director.
He is the second appointment since two former directors resigned due to a US Securities and Exchange Commission probe into their hedge fund over short selling.
The bourse said the move was part of the ASX’s board renewal program announced in 2013. The changes since then include the addition of Reserve Bank board member Heather Ridout, Dr Ken Henry and Dominic Stevens.
Former ASX directors Shane Finemore and Russell Aboud resigned from the board in September 2013 after the hedge fund, Manikay Partners, was caught up in a crackdown on inappropriate short-selling.
Mr Roche and Mr Stevens are the two most recent appointments since their resignation.
Mr Roche has worked at JPMorgan for 10 years. Until the ASX appointment, he was a member JPMorgan’s global corporate and investment bank operating committee and was head of markets and investor services sales and distribution for Asia Pacific, based in Hong Kong.
Mr Roche, as well as Peter Warne will stand for election at the ASX’s annual general meeting on September 23.