ASIC CEO Warren Day to exit regulator after 20 years
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The news: The corporate regulator’s chief executive Warren Day will step down from his role to join the Commonwealth Director of Public Prosecutions (CDPP) on secondment as a director’s executive officer and will not return to the regulator after the posting ends.
The numbers: Day has been with the Australian Securities and Investments Commission (ASIC) for over 20 years, starting as an enforcement senior lawyer in November 2003. Day will join the CDPP on 1 June 2024.
Executive director of regulation and supervision Greg Yanco has been appointed as interim CEO. Yanco has over 30 years of experience in financial market development, regulation and supervision and has been with ASIC since 2008.
Yanco has informed the regulator that he expects to retire in mid-2025.
ASIC noted a local and global search for a permanent CEO would start in early 2025.
The context: The regulator also announced that its executive director of enforcement and compliance Tim Mullaly would retire from ASIC at the end of July 2024. Mullaly has been at ASIC for 12 years — leading the financial services enforcement team for 11 years and for the last year leading the enforcement and compliance team.
Local and global searches for the executive director regulation and supervision and executive director enforcement and compliance roles would commence soon.
What they said: ASIC chair Joe Longo said: “Filling these positions is an opportunity for executive renewal and ASIC’s 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 ASIC’s transformation,” he said.
The source: ASIC media release
