Second ASIC executive poached

Australian Securities and Investments Commission (ASIC) senior executive Shane Tregillis, who was closely involved with the development of ASIC policy papers in response to the Financial Service Reform Bill (FSRB), is to leave the watchdog.

Tregillis has been with ASIC for 13 years and most recently, was executive director for policy and markets regulation which involved him with the issues of disclosure and ASIC’s FSRB policy papers.

Tregillis will leave his position at the end of this month to begin his new role as Monetary Authority of Singapore assistant managing director for securities and futures in November.

Speaking on Tregillis’s departure, ASIC chairman David Knott said the Commission was appreciative of Tregillis’s timing of his exit.

“After such long service it is understandable that Tregillis now wishes to move to a different set of challenges in a new environment. The Commission appreciates that Tregillis deferred this move until the bulk of the Financial Services Reform Bill policy framework had been designed,” Knott said.

“Tregillis is the longest-serving member of ASIC’s most senior management team and his contribution to ASIC’s development and administration of regulation policy is unsurpassed,” he added.

Tregillis’s move caps off a recent reshuffle with several senior internal promotions following the departure of national director for infrastructure and strategic planning and NSW regional director, Jane Diplock, who left to chair the New Zealand Securities Commission.

ASIC consumer protection executive director Peter Kell was given the role of acting regional commissioner for New South Wales, and head of information technology and knowledge management division Carlos Iglesias landed the job of acting executive director for infrastructure and strategic planning.