Australian Securities and Investments Commission is up for a leadership overhaul, including its chief executive Warren Day indicating his exit from the regulator.
Australian Securities and Investments Commission is up for a leadership overhaul, including its chief executive Warren Day indicating his exit from the regulator.
ASIC today announced Mr Day will join the Commonwealth Director of Public Prosecutions on secondment as the director’s chief executive on June 1.
At the end of his secondment, Mr Day indicated he would not return to ASIC, the announcement reads.
ASIC regulation and supervision executive director Greg Yanco will be the interim chief executive from June 1.
However, Mr Yanco has also flagged his retirement in mid-2025.
ASIC announced it would start a local and global search for a permanent chief executive in early 2025.
ASIC chair Joe Longo said the CDPP request for Mr Day to join the office on secondment recognised his contribution.
“Warren has been a significant contributor to ASIC for more than 20 years across virtually every part of ASIC’s remit,” Mr Longo said.
“This is an opportunity for him to bring the skills and experience he has gained at ASIC to an agency we have a shared interest in supporting and seeing succeed.
“Since I embarked on the review of ASIC’s infrastructure and operations on my first day as ASIC Chair, Warren has played a significant leadership role, particularly with leading the organisational redesign, the delivery of our strategic and enforcement priorities, and the management of ASIC’s Executive Leadership Team.”
Mr Longo said Mr Day’s appointment shows the institutional relationship ASIC holds with CDPP, a core link to the regulator’s enforcement work.
ASIC enforcement and compliance executive director Tim Mullaly has also announced he would retire at the end of July, after 25 years of service.
Local and global searches to replace Mr Yanco and Mr Mullaly will start shortly, according to ASIC.
“Filling these positions is an opportunity for executive renewal and ASIC’s ongoing transformation towards being a modern, ambitious and confident regulator,” Mr Longo said.
“I want to thank Warren and Tim for their significant contribution to ASIC over many years and thank Greg for stepping into the Interim CEO role.”
Amid the planned exits, ASIC recently added new roles of registry and intelligence executive director and chief people and culture transformation officer.
ASIC also appointed Joanne Harper as its data, digital and technology executive director.
