Commissioner Armour to depart ASIC
Cathie Armour, commissioner for the Australian Securities and Investments Commission (ASIC), is to leave the corporate regulator next month.
Armour, who joined the regulator in 2013, had previously had her term extended until June 2022 and a spokesperson confirmed to Money Management that she would depart on 2 June
She was initially appointed in 2013 and her term was extended in 2017 for another five years.
Prior to joining ASIC, she had worked as legal counsel for J.P. Morgan and Macquarie.
The news came to light in her latest Senate estimates appearance where ASIC chair, Joe Longo, thanked her for her service.
“This will be the 25th Senate estimates appearance since her appointment in 2013. I thought I should mark the occasion by recognising her service to ASIC and her dedication to making our financial system fair, strong and efficient.
“During her nine years at ASIC as a commissioner, Cathie has focused on ASIC's markets work. In particular, she has worked to address broader market integrity issues to support the continuation of well-functioning markets as well as encouraging a smooth, reliable transition in developing ASIC's approach to climate related risk.
“She has been a great colleague, mentor and friend to many at ASIC and she'll be truly missed. Cathie has a very high reputation in the market.”
AUTHOR
Laura Dew
Recommended for you
The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
