ASIC announces executive leadership team shake-up

ASIC announces executive leadership team shake-up | Insurance Business Australia

Insurance News

ASIC announces executive leadership team shake-up

Appointments to boost three teams

Insurance News

By
Roxanne Libatique

The Australian Securities and Investments Commission (ASIC) has made changes to its executive leadership team.

The changes apply to the markets group, regulation and supervision, and enforcement and compliance.

In her new role, Aldridge is responsible for end-to-end regulation of markets, including supervision, compliance, and enforcement of market infrastructure, market intermediaries, corporate finance activities, and market surveillance. She reports to CEO Warren Day.

Rhys Bollen, the current senior executive leader for credit, banking, and general insurance, will take on the role of senior executive leader for markets supervision, effective Aug. 28. He will supervise market intermediaries and market surveillance.

Ben Cohn-Urbach will take on the role of acting senior executive leader for markets infrastructure, effective Aug. 28.

Regulation and supervision

Nathan Bourne, the current senior executive leader of markets infrastructure, will be the senior executive leader for credit, banking, and general insurance, effective Aug. 28. In this new role, he will be responsible for the day-to-day supervision of regulated entities within the credit, banking, and general insurance industries.

Enforcement and compliance

The senior executive leaders in the enforcement and compliance team will commence their new roles on Aug. 28.

Chris Rowe, the current senior executive leader for investigations, has been appointed senior executive leader investigation and enforcement action. Brett Crawford, the current senior manager for investigations and enforcement, will take on the role of chief investigator and senior executive leader for small business enforcement.

Tom O’Shea will be the senior executive leader for enforcement inquiries and compliance. He will join ASIC from the Fair Work Ombudsman and has over 10 years of experience as an enforcement regulator.

“I am pleased to announce each of these new appointments which are testament to the strong talent at ASIC while at the same time reflective of the need for renewal,” said ASIC CEO Warren Day. “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.”