Elmer Funke Kupper

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Elmer Funke Kupper
Elmer Funke Kupper.gif
Occupation Former CEO
Employer Australian Securities Exchange
Location Sydney, Australia
LinkedIn Profile
Website www.asx.com.au

Elmer Funke Kupper is the former CEO of the Australian Securities Exchange (ASX). He started in that position on October 6, 2011, replacing Robert Elstone, who led the exchange for more than a decade.

Kupper resigned as chief executive of the ASX in March of 2016 amid allegations of foreign bribery at Tabcorp, the gaming company he previously ran and where he remained on the board.[1] [2] A police investigation was launched to explore allegations that Tabcorp made a $200,000 payment to the family of Cambodian Prime Minister Hun Sen in 2010. Kupper was CEO of Tabcorp at the time, when the company was looking at obtaining a licence to run an online gaming operation in Cambodia.[3]

Kupper has denied any wrongdoing.[4]

Under Kupper's leadership, ASX’s shares rose 41 percent, compared with a 32 percent gain by the benchmark Australian gauge.[5]

Background

Kupper was previously head of Tabcorp, Australia's largest casino and gambling firm. [6]

Before that, he was a managing director at Australia and New Zealand Banking Group, where he was in charge of the company's Asia Pacific operations.

Education

Kupper holds a masters in business administration from Nyenrode University.

References

  1. ASX boss quits as police probe his other company. The Trade News.
  2. ASX CEO Elmer Funke Kupper Quits as Tabcorp Is Investigated. The Wall Street Journal.
  3. ASX: Dominic Stevens appointed CEO to replace resigned Elmer Funke Kupper. ABC News.
  4. Elmer Funke Kupper wins backing from David Gonski, Greg Medcraft. The Sydney Morning Herald.
  5. Next Boss at Australian Bourse to Face Global Merger Upheaval. Bloomberg.
  6. Meet Elmer Funke Kupper, the new CEO of the Australian Securities Exchange. Financial News.