Second ASIC executive poached
Australian Securities and Investments Commission (ASIC) senior executive Shane Tregillis, who was closely involved with the development of ASIC policy papers in response to the Financial Service Reform Bill (FSRB), is to leave the watchdog.
Tregillis has been with ASIC for 13 years and most recently, was executive director for policy and markets regulation which involved him with the issues of disclosure and ASIC’s FSRB policy papers.
Tregillis will leave his position at the end of this month to begin his new role as Monetary Authority of Singapore assistant managing director for securities and futures in November.
Speaking on Tregillis’s departure, ASIC chairman David Knott said the Commission was appreciative of Tregillis’s timing of his exit.
“After such long service it is understandable that Tregillis now wishes to move to a different set of challenges in a new environment. The Commission appreciates that Tregillis deferred this move until the bulk of the Financial Services Reform Bill policy framework had been designed,” Knott said.
“Tregillis is the longest-serving member of ASIC’s most senior management team and his contribution to ASIC’s development and administration of regulation policy is unsurpassed,” he added.
Tregillis’s move caps off a recent reshuffle with several senior internal promotions following the departure of national director for infrastructure and strategic planning and NSW regional director, Jane Diplock, who left to chair the New Zealand Securities Commission.
ASIC consumer protection executive director Peter Kell was given the role of acting regional commissioner for New South Wales, and head of information technology and knowledge management division Carlos Iglesias landed the job of acting executive director for infrastructure and strategic planning.
Recommended for you
High-net-worth advisers seeking to grow their businesses are likely to find alternatives to be a key part of the puzzle amid investor demand, according to Praemium’s head of private wealth.
The financial advice profession has lifted back above the 15,500 mark this week thanks to a double-digit net rise in adviser numbers, according to Wealth Data.
A closer watch on licensees that fall short on cyber security protections is among a dozen new enforcement priorities announced by the corporate regulator for 2025.
Research house Morningstar has welcomed a new director for manager research to cover Australian and New Zealand fund managers.