ASIC chair Joe Longo to step down in 2026
Make us a preferred source
Make us a preferred source on Google
The news: The Australian Securities and Investments Commission (ASIC) chair Joe Longo has announced that he will not seek reappointment when his five-year term ends next year.
The context: In a statement, Longo said that he informed the Secretary to the Treasury that he would not be seeking an extension to his term that ends on 30 June 2026.
Longo said his goal during his term was to make ASIC a modern, confident and ambitious regulator.
During his term, the regulator has doubled ASIC’s investigations numbers and lifted civil enforcements by 20%.
“The ASIC of today is better fulfilling what Australia needs of it. That is just the beginning,” he said.
He noted the key enforcement activities before he stepped down from the role were misconduct in superannuation. ASIC’s public and private markets work will also continue, with a focus on efficiency and integrity, to attract investment and promote economic growth.
What they said: “While the time for extensive acknowledgements will come, I want to thank in particular deputy chair Sarah Court, who commenced on the same day as I did, both for her dedication and commitment to the work of ASIC and for her invaluable personal support of me as chair,” Longo said.
“I also want to thank all the Commissioners with whom I have worked, for their support and contributions.”
The source: ASIC media release
