ASIC has found a full-time CEO in Scott Gregson, eight months after Joe Longo’s secondment to the Commonwealth Director of Public Prosecutions.
He takes on the role from 17 March, replacing Greg Yanco, who has been interim CEO since 1 June.
Over the past year, ASIC has seen major changes across its senior leadership. Tim Mullaly, executive director for enforcement and compliance, retired in July, replaced by Chris Savundra in October. Yanco’s CEO appointment left the executive director for regulation and supervision position empty, filled by Peter Soros four months later.
READ MORE: ASIC secures regulatory and compliance executive directors
Yanco stated in April that he intended to retire from the commission in mid-2025, and Longo informed ASIC that he would not return to the firm, leading to an international search for a permanent CEO.
Gregson is currently CEO of the Australian Competition and Consumer Commission (ACCC), where he has worked since 1996. He previously focused on investigation and enforcement, and held executive general manager roles in mergers and enforcement.
Gina Cass-Gottlieb, ACCC chair, stated: “This is a great loss for the ACCC and a great gain for ASIC. Scott Gregson has made an enormous contribution in his nearly 30 years at the ACCC, and he will be sincerely missed.”
The commission also refreshed its strategic priorities in August, highlighting consistency and transparency as leading concerns. These were determined based on the uncertainty of the economic environment, climate change risk, Australia’s ageing population and the impact of technological change on the financial system.
At the time, Longo said: “While the overarching themes of our existing strategic priorities remain consistent, our updated corporate plan demonstrates how we are evolving and adapting to the changing needs of our operating environment.”
READ MORE: ASIC highlights consistency and transparency as strategic priorities
Longo, who remains ASIC chair, has voiced his support for Gregson’s appointment. “Scott will bring extensive experience to this important role. [His] experience supporting digital and technology delivery, and his pedigree in enforcement and compliance, will continue to ensure ASIC is well placed to meet future challenges.”
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