Sean Hughes will step down from his role as ASIC commissioner on Feb. 3, 10 months before his five-year term ends on Dec. 1, to join the commercial sector.
“We are grateful for the contribution Sean has made to ASIC in his role as commissioner and wish him well in the next stage of his career,” ASIC Chair Joe Longo said.
Prior to his current role, Hughes held other senior positions with ASIC, including senior executive leader for corporate governance and corporations from 2008-10, and a number of senior executive roles, from 1999-2003, including as director of financial services regulation.
The appointment of an ASIC commissioner is determined by the treasurer.
ASIC said the commission will continue to work via a whole-of-ASIC approach, with current members Longo, Deputy Chairs Sarah Court and Karen Chester, and Commissioner Danielle Press, working with the COO and the executive team.
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