Significant executive changes at ASIC
The Australian Securities and Investments Commission (ASIC) has announced a significant change to its most senior executive ranks with the regulator’s chief executive officer, Warren Day, departing and with his interim replacement Greg Yanco expected to exit next year.
ASIC chair, Joe Longo said that he had accepted a request from the Commownealth Director of Public Prosecutions for Day to join the CDPP on secondment as the Director’s executive officer, effect from 1 June.
He said that the executive director of Regulation and Supervision, Greg Yanco will be appointed interim CEO, effective from 1 June but that Yanco had informed the Commission that he expects to retire in mid-2025.
The announcement said that a local and global search for a permanent chief executive will commence early next year,
As well, the announcement said that ASIC’s executive director of Enforcement and Compliance, Tim Mullaly, had also advised he will be retiring from ASIC at the end of July, this year.
Clean the ASIC swamp sounds good.
But no doubt the Industry Super loving Regulatory Capture Corrupted culture continues.
And Killing Real Advisers is still the easy game.
Same trough, different pigs