Cathie Armour joins Cboe Australia board as Non-Executive Director, David Trude departs
Cboe Australia (“Cboe Australia”) is pleased to announce the appointment of Cathie Armour as a Non-Executive Director, effective 1 April 2023.
Ms. Armour joins the Cboe Australia board after a decorated career as a financial services legal expert, including almost a decade as Commissioner of the Australian Securities and Investments Commission (“ASIC”).
Across her career of more than 30 years, Ms. Armour has served as General Counsel of Macquarie Capital, and J.P. Morgan Australia, and was an Executive Director of Macquarie Group.
While an ASIC Commissioner, she worked closely with the ASIC teams responsible for regulating market infrastructure, market surveillance, supervision of market intermediaries and the enforcement of laws relating to market integrity.
Cboe Australia Chairman, Ade Cordell said: “We are delighted to welcome Cathie to the Cboe Australia board. Cathie’s combined experience as a senior markets regulator, and general counsel to large financial services organisations is unsurpassed.”
“As Cboe Australia continues to pursue its strategy of improving and growing the securities and derivatives markets in Australia and the Asia Pacific, Cathie’s experience will prove invaluable.”
Cathie Armour said: “Cboe Australia is a lead innovator in Australian markets, and I’m excited to contribute to the business’ ongoing growth and success.”
Ms. Armour holds a Bachelor of Economics and a Bachelor of Laws (Hons) from the Australian National University, and a Master of Laws from Sydney University. She is also a Graduate of the Australian Institute of Company Directors (“GAICD”) and is a member of Chief Executive Women.
Ms. Armour’s appointment follows the retirement of David Trude from the Cboe Australia board, effective 31 March 2023.
Mr. Trude commenced as an Independent Director of Chi-X Australia prior to its market launch in 2011, and has Chaired the Cboe Compliance and Audit Committees. Mr. Trude has played an instrumental role in Chi-X and Cboe Australia’s growth and success to date.
Over a career of more than 40 years within the banking and securities industries, Mr. Trude served in several high-profile roles, including more than a decade as Managing Director of Credit Suisse in Australia, and nine years as Chairman of Baillieu Holst Limited.
Mr. Trude currently serves as Chairman of Waterford Retirement Village, Hansen Technologies, and East West Line Parks Pty Ltd, and is a Non-Executive Director of ASX-listed Acorn Capital Investment Fund Limited, and MSL Solutions.
Cboe Australia Chief Executive Vic Jokovic said: “On behalf of Cboe Australia and Cboe Global Markets, I thank David for his service to the business as Non-Executive Director and Chair of the Cboe Australia Compliance and Audit Committees for more than a decade. He has been integral to the success of Chi-X and now Cboe Australia, and we wish him every success in his future.”
David Trude said: “It has been an honour to have been part of the Cboe Australia journey. I have worked with some of the most exceptional and well-respected individuals within our industry, in particular the late Peter Fowler, who as the then Chi-X Australia’s first CEO, was a pioneer in successfully launching genuine competition between Australia’s market operators.”
Mr. Trude continued: “His legacy is strong within the company as it solidifies its position as one of the world’s most innovative exchanges by maintaining its focus on best-in-class technology, product innovation and client service.”
