Jun 12, 2026 – 5.00amHelen Lofthouse thought long and hard before throwing her hat into the ring for role as chief executive of the ASX.She had been a senior executive at the local bourse for seven years, arriving as the company was evaluating an ambitious project to replace its CHESS clearing system with distributed ledger technology, which would eventually waste hundreds of millions of dollars and earn the wrath of investors, politicians and the Reserve Bank of Australia alike.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Sally PattenBOSS editorSally Patten edits BOSS, and writes about workplace issues. She was the financial services editor and personal finance editor of the AFR, The Age and the Sydney Morning Herald. She edited business news for The Times of London.Fetching latest articles