ASIC appoints two new commissioners
The Australian Securities and Investments Commission (ASIC) has announced the appointment of Peter Kell and Greg Tanzer as the regulator’s new commissioners.
Kell and Tanzer will replace current ASIC commissioner Michael Dwyer, who has decided not to seek reappointment when his contract expires at the end of the year. Dwyer was praised by both ASIC chairman Greg Medcraft and Deputy Prime Minister and Treasurer Wayne Swan for his work in accounting, auditing, compliance and insolvency during the global financial crisis, as well as parliamentary scrutiny of the financial services industry over the last few years.
Both Tanzer and Kell will further build on ASIC’s capacity to implement the Government’s reforms to financial advice, consumer credit and measures to boost financial literacy, Treasury stated.
Kell, who joins ASIC for a five-year period from 7 November, is currently the Australian Competition and Consumer Commission’s (ACCC) deputy chair. He was previously chief executive of Choice and a board member of the global consumer organisation Consumers International.
ASIC has appointed Tanzer as commissioner for a four-year term commencing from 23 January 2012. He was previously the International Organisation of Securities Commissions (IOSC) secretary general and spent time as ASIC’s executive director for consumer protection and international relations.
According to Treasury, the government will use a merit-based selection process for the appointment of a new ASIC Commissioner to replace Dwyer over the next few months.
Recommended for you
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
