New ASIC commissioners begin terms

The news: New ASIC commissioners Simone Constant and Alan Kirkland begin their five-year terms today. Kirkland is chief executive at CHOICE and Constant is the Commonwealth Bank's chief risk officer for institutional banking .

The context: Constant and Kirkland will join assistant secretary at Treasury Kate O’Rourke to serve as commissioners alongside ASIC chair Arthur Longo and deputy chairs Sarah Court and Karen Chester. O'Rourke began her term in September, while Chester's term concludes in January 2024.

What they said: "Simone, Alan and Kate each bring deep experience to ASIC that will support the organisation to deliver on its strategic priorities, and importantly ensure we maintain a strong focus on consumer protection amid the mounting cost of living pressures Australians are facing," Longo said in a statement.