ASIC has made two key appointments to its senior executive leadership team.
ASIC Chair Joe Longo announced the appointments of Peter Soros as Executive Director Regulation and Supervision and Chris Savundra, currently ASIC General Counsel and Executive Director Legal Services, to the new role of Executive Director Enforcement and Compliance.
Soros will join ASIC from the Australian Transaction Reports and Analysis Centre (AUSTRAC), Australia’s financial intelligence and anti-money laundering and counter-terrorism financing regulator, where he currently holds the position of Deputy CEO Regulation, a position he has held for six years.
Last year Soros was also Acting CEO for an eight-month period. He has more than 20 years of financial intelligence, regulation, and compliance experience, and has previously held the position of Chief of Staff in the ministerial portfolios of Human Services and of Justice.
ASIC says Chris Savundra brings significant litigation experience to the role from his time with ASIC including some of its most significant and complex matters such as the Bank Bill Swap Rate litigation.
He has more than 25 years of legal, regulatory and enforcement experience and before joining ASIC worked in the litigation group of Allens Arthur Robinson (now Allens) in Perth and Herbert Smith in London. Recruitment for Savundra’s current ASIC position is underway.
…the executive changes continue ASIC’s transformation…
Longo says the executive changes continue ASIC’s transformation following the agency’s largest organisational redesign in 15 years.
This included the appointment of three new commissioners in 2023, and the appointments this year of new executives including 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.
Longo says following announcements in April about Warren Day’s secondment to the Commonwealth Director of Public Prosecutions, a global search for a new permanent CEO would start shortly (see: Major Changes to ASIC’s Executive Team).
