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SFE's Elstone wins top job in exchange merger


Australian Stock Exchange (ASX)'s board has caved in to shareholder pressure by selecting Sydney Futures Exchange (SFE)'s CEO Robert Elstone to head the proposed combined ASX and SFE.

The ASX/SFE merger proposal, announced in late March, (see FO Week Vol 11 No 13) had originally appointed ASX's CEO Tony D'Aloisio to the role, but SFE's key institutional shareholders in recent weeks had been agitating for...

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