Robert Elstone, the newly appointed chief executive officer
of the combined Sydney Futures Exchange (SFE) and Australian
Stock Exchange (ASX), has begun to stamp his authority on the
organisation by making sweeping changes in an effort to slash
costs (see Interview p12).
Respected for his cost cutting at SFE, where he was CEO from
2000, Elstone has moved to cut spending at the stock exchange.
To begin with, ASX chairman Maurice Newman has lost his plush
office for a smaller one, according to Australian Financial
Review while a host of senior ASX executives have left or been
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