The Australian Securities and Investments Commission (ASIC) has appointed Scott Gregson as its new chief executive to take over from Greg Yanco, who is retiring from the position.
Gregson was confirmed as the successful candidate to take on the role after an executive search that considered applicants from within Australia and some from overseas jurisdictions and will commence his time at the regulator on 17 March.
ASIC chair Joe Longo described Gregson as an impressive leader who will bring a wealth of experience to the position.
“His commitment to achieving regulatory outcomes that benefit all Australians makes him a strong addition to support ASIC’s commission and head the agency’s executive leadership team,” Longo noted.
He pointed out Gregson’s appointment marked the next step in the most significant redesign of the corporate watchdog in 15 years.
“As ASIC enters the next phase of the program of transformation we began three years ago, Scott’s 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,” he said.
Gregson joins ASIC on the back of a 30-year stint at the Australian Competition and Consumer Commission (ACCC), where he is currently chief executive.
Before becoming ACCC chief executive, he held executive general manager roles for merger and enforcement, where he developed an appreciation for regulatory responsibility.
Commenting on his appointment, he indicated he was looking forward to joining ASIC.
“The momentum ASIC is showing in its work and impact is very appealing for me,” he revealed.
“In an increasingly complex world with heightened cost-of-living pressures, the work of ASIC is more important than ever and I look forward to taking the step up and helping ASIC meet the challenges ahead.”
Longo took the opportunity to thank Yanco for his contribution to the regulatory body.
“Greg has been an integral part of Australia’s financial services landscape not just in his various senior executive roles at ASIC, but previously at the ASX (Australian Securities Exchange),” he said.
“On behalf of all of ASIC, I thank Greg for his exemplary service, dedication and work ethic, and we wish him all the best for the future.”
