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
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
