ASIC has announced several appointments to its executive leadership team, as it reaches the final stages of executing its new organisational structure.
Warren Day, chief executive at ASIC, explained that the changes were a testament to the strong talent at ASIC while also reflecting the need for renewal.
“The economy and broader environment in which ASIC operates is constantly shifting and we are evolving to meet those challenges.
“These appointments bring us closer to finalising the implementation of ASIC’s new organisational structure,” he said.
ASIC has stated its enforcement targets this year include greenwashing, misconduct involving crypto products, combating investment scams, misconduct in superannuation, unfair contract terms and poor distribution of financial products.
Within the markets group, the corporate regulator has appointed Calissa Aldridge, the current senior executive leader for markets supervision, as the new executive director of markets group commencing 17 August.
She will report to Day and oversee end-to-end regulation of markets. This includes supervision, compliance and enforcement of market infrastructure, market intermediaries, corporate finance activities and market surveillance.
Rhys Bollen, the current senior executive leader of credit, banking, and general insurance will step into his new role as senior executive leader for markets supervision. Bollen will supervise market intermediaries and market surveillance.
Additionally, Ben Cohn-Urbach will take up the position of acting senior executive leader of markets infrastructure.
Both Bollen and Cohn-Urbach will commence their roles on 28 August and will report to Aldridge.
Within the regulation and supervision team, Nathan Bourne, current senior executive leader of markets infrastructure will begin his new role as senior executive leader of credit, banking, and general insurance.
Commencing on 28 August, Bourne will manage day-to-day supervision of regulated entities within the credit, banking, and general insurance industries.
Within enforcement and compliance, Chris Rowe will transition from his current role as senior executive leader of investigations to senior executive leader of investigation and enforcement action.
Brett Crawford, the current senior manager of investigations and enforcement, has been appointed chief investigator and senior executive leader for small business enforcement.
Finally, Tom O’Shea will join ASIC as the senior executive leader of enforcement inquiries and compliance. O’Shea previously worked at the Fair Work Ombudsman and holds more than 10 years of experience as an enforcement regulator.
