ASIC has announced a number of changes to its senior executive leadership team, including a secondment for its current CEO, the appointment of an interim CEO and a search for a permanent CEO in early 2025.
A statement from the regulator says ASIC Chair Joe Longo has accepted a request from the Commonwealth Director of Public Prosecutions for ASIC CEO Warren Day to join the CDPP on secondment as the Director’s Executive Officer, effective 1 June 2024.
Longo says the request recognises the contribution Day has made to ASIC as CEO, in particular supporting its organisational transformation since 2021, noting he has been “…a significant contributor to ASIC for more than 20 years, across virtually every part of ASIC’s remit.”
At the conclusion of the CDPP secondment, Day has indicated he will not return to ASIC.
Interim CEO
ASIC’s Executive Director of Regulation and Supervision Greg Yanco will be appointed as ASIC’s Interim CEO.
The commission says Yanco was previously Executive Director Markets between January 2019 and June 2023 before starting in his current role. He has more than 30 years of experience in financial market development, regulation, and supervision.
Yanco has informed the commission that he expects to retire in mid-2025 and ASIC says a local and global search for a permanent CEO will commence in early 2025.
Enforcement and Compliance
Meanwhile, Executive Director of Enforcement and Compliance Tim Mullaly has also advised that he will be retiring from ASIC at the end of July 2024, following more than 25 years of service.
The commission says Mullaly has held executive roles at ASIC for the last 12 years, leading the Financial Services Enforcement team for 11 years and, for the last year, the Enforcement and Compliance team.
ASIC says that local and global searches for the Executive Director Regulation and Supervision and Executive Director Enforcement and Compliance roles will begin shortly.
