ASIC makes new exec appointments, continues ‘org redesign’

Australian Securities and Investments Commission (ASIC) Chair, Joe Longo, has announced two new executive appointments following on from its largest “organisational redesign in 15 years”.

Peter Soros joins ASIC as Executive Director Regulation and Supervision from the Australian Transaction Reports and Analysis Centre (AUSTRAC) where he is currently Deputy CEO Regulation. Soros brings over two decades of experience in financial intelligence, regulation and compliance to the new role commencing from November.

Longo also announced that current Executive Director of ASIC’s Enforcement and Compliance group, Chris Savundra, has been appointed as Executive Director Enforcement and Compliance. Savundra has extensive experience in litigation and will commence in the new role from 28 October.

“We continue to change and evolve so we can ensure ASIC is an ambitious, confident and modern regulator,” Longo said.

“I would like to congratulate Peter and Chris on their appointments. The talent and experience they bring to those roles will be invaluable.

“The cumulative effect of these changes will help ensure ASIC is set up to meet the challenges and opportunities the agency faces. The work we have undertaken on ASIC’s transformation is delivering positive results for Australians, and we acknowledge that there are opportunities to continue that improvement.

“I am excited by the agency’s future and I am committed to the renewal and culture transformation that we are undergoing.”

These personnel changes follow in the wake of three new Commissioner appointments in 2023 and the appointments of Diana Steicke as Executive Director Registry and Intelligence, Joanne Harper as Executive Director Data, Digital and Technology, and Annie Reeves as Chief People and Culture Transformation Officer earlier this year.