ASIC announces raft of executive changes

The Australian Securities and Investments Commission (ASIC) has appointed Calissa Aldridge, the current senior executive leader for markets supervision, as executive director, markets group, effective 17 August 2023 and reporting to chief executive Warren Day.

In her new role, ASIC said Ms Aldridge assumes responsibility for “end-to-end regulation of markets, including supervision, compliance, and enforcement of market infrastructure, market intermediaries, corporate finance activities, and market surveillance”.

Also within the markets group, Rhys Bollen, the current senior executive leader for credit, banking, and general insurance, has been appointed senior executive leader for markets supervision, while Ben Cohn-Urbach will step into the role of acting senior executive leader, markets infrastructure.

Mr Bollen will take over supervision of market intermediaries and market surveillance, and Mr Cohn-Urbach will oversee market infrastructure. Mr Bollen and Mr Cohn-Urbach will both commence in their roles on 28 August 2023 and will report to Ms Aldridge.

Nathan Bourne, the current senior executive leader, markets infrastructure, has been appointed senior executive leader, credit, banking, and general insurance, effective 28 August 2023.

Mr Bourne will assume responsibility for the “day-to-day supervision of regulated entities within the credit, banking, and general insurance industries”.

Chris Rowe, the current senior executive leader, investigations, has been appointed senior executive leader, investigation and enforcement action, while current senior manager, investigations and enforcement Brett Crawford has been appointed chief investigator and senior executive leader, small business enforcement.

ASIC also added Tom O’Shea as senior executive leader, enforcement inquiries and compliance, with Mr O’Shea joining after more than 10 years at the Fair Work Ombudsman as an enforcement regulator.

Mr Day said: “I am pleased to announce each of these new appointments which are testament to the strong talent at ASIC, while at the same time reflective of the need for renewal. The economy and broader environment in which ASIC operates is constantly shifting and we are evolving to meet those challenges.

“These appointments bring us closer to finalising the implementation of ASIC’s new organisational structure.”