ASX technology executive to leave

ASX Group, whose primary and backup trading systems shut down on October 27, says its group executive for technology will depart, but not immediately.

Jeff Olsson will leave the ASX in July. He has worked at the company for 15 years.

“It was Jeff’s decision to leave,” says an ASX spokesman. Olsson’s departure “is unrelated to the trading outage” in October, the spokesman says.

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Canada establishes new SWF amidst global push for nation-building investment

Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.

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