ASIC Commissioner goes to FOS
Australian Securities and Investments Commission (ASIC) commissioner Shane Tregillis has been appointed chief ombudsman of Financial Ombudsman Services (FOS).
Tregillis rejoined ASIC in May 2010 after eight years with the Monetary Authority of Singapore where he was a deputy managing director.
Tregillis will take up the Melbourne-based role this September when he leaves his current position later this month.
ASIC chairman Greg Medcraft applauded Tregillis’ role as commissioner.
“Shane worked on some of ASIC’s most important projects through their most crucial times, including supervision of ASX following the successful transition to ASIC in August 2010,” said Medcraft. “He will make a superb Chief Ombudsman at FOS.”
ASIC deputy chairman Belinda Gibson will assume Tregillis’ responsibilities.
AUTHOR
Ashleigh McIntyre
Recommended for you
Financial advisers and wealth managers need to exceed their clients’ desires for personalisation, a new EY report writes, and the requirements for this will vary between client segments.
Betashares chief executive, Alex Vynokur, believes technology advancements will enable banks to return to financial advice in the future as the need for advice is greater than ever.
Centrepoint Alliance has upgraded its expected financial results for FY24, thanks to strong adviser recruitment and the acquisition of Queensland advice firm Financial Advice Matters.
The corporate regulator has permanently banned a Melbourne-based financial adviser that “dishonestly attempted to induce clients to transfer their superannuation into a bank account he controlled”.
