The Australian Securities and Investments Commission today confirmed a number of changes to its senior executive leadership team.β�
Chief Executive Officerβ―β�
obΜεΣύ Chair Joe Longo has accepted a request from the Commonwealth Director of Public Prosecutions for obΜεΣύ CEO Warren Day to join the CDPP on secondment as the Directorβs Executive Officer, effective 1 June 2024.
The Chair said the request recognised the contribution Mr Day had made to obΜεΣύ as CEO, in particular supporting its organisational transformation since 2021.β�
βWarren has been a significant contributor to obΜεΣύ for more than 20 years across virtually every part of obΜεΣύβs remit. This is an opportunity for him to bring the skills and experience he has gained at obΜεΣύ to an agency we have a shared interest in supporting and seeing succeed,β� Mr Longo said.
βSince I embarked on the review of obΜεΣύβs infrastructure and operations on my first day as obΜεΣύ 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 obΜεΣύβs Executive Leadership Team.
βWarren leaves with our full support and his appointment underpins the critical institutional relationship obΜεΣύ holds with the CDPP, which is core to our enforcement work.ββ�
At the conclusion of the CDPP secondment, Mr Day has indicated he will not return to obΜεΣύ.
The obΜεΣύ Chair said Mr Dayβs secondment to the CDPP came as obΜεΣύ enters the next phase of its transformation.
Regulation and Supervisionβ―β―Β�
Executive Director of Regulation and Supervision Greg Yanco will be appointed as obΜεΣύβs Interim CEO effective 1 June 2024. Mr Yanco was previously Executive Director Markets between January 2019 and June 2023 before commencing in his current role. He has more than 30 years of experience in financial market development, regulation, and supervision.
Mr Yanco has informed the Commission that he expects to retire in mid-2025. A local and global search for a permanent CEO will commence in early 2025.
Enforcement and Complianceβ�
Following more than 25 years of service to obΜεΣύ, Executive Director of Enforcement and Compliance Tim Mullaly has also advised that he will be retiring from obΜεΣύ at the end of July 2024.β�
Mr Mullaly has held executive roles at obΜεΣύ for the last 12 years, leading the Financial Services Enforcement team for 11 years and, for the last year, Enforcement and Compliance (E&C) team. In this role and as a member of obΜεΣύ's Executive Leadership team, Mr Mullaly was critical to implementing the new E&C structure, overseeing a team of 450 staff focused on delivery of enforcement and compliance outcomes.
βTim has for many years played a crucial role in ensuring that obΜεΣύ has maintained a strong and strategic pipeline of enforcement work. obΜεΣύ is in court every day, and we are launching new investigations every second day of the week, all aligned to the priorities we have set out,β� Mr Longo said.
Local and global searches for the Executive Director Regulation and Supervision and Executive Director Enforcement and Compliance roles will commence shortly.
βFilling these positions is an opportunity for executive renewal and obΜεΣύβs ongoing transformation towards being a modern, ambitious and confident regulator. As the ongoing impact of our work continues to be realised, we also have opportunities for exceptional leaders to drive the next phase of obΜεΣύβs transformation,β� Mr Longo said.
βI want to thank Warren and Tim for their significant contribution to obΜεΣύ over many years and thank Greg for stepping into the Interim CEO role.ββ�
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obΜεΣύβs executive leadership team is also being strengthened with the addition of a new Executive Director role for Registry and Intelligence β� following the transition of Registry services back to obΜεΣύ from the ATO β� as well as a Chief People and Culture Transformation Officer. obΜεΣύ also recently appointed Joanne Harper as Executive Director for Data, Digital and Technology.