The Australian Securities and Investments Commission (ASIC) has announced the appointment of Scott Gregson as its new CEO, effective March 17.
Gregson, transitioning from a notable nearly three-decade tenure at the Australian Competition and Consumer Commission (ACCC), is set to replace ASIC’s retiring interim CEO, Greg Yanco.
Joe Longo, ASIC chair, praised Gregson’s leadership qualities and extensive experience, which made him the standout candidate in a comprehensive search that included both domestic and international prospects.
“Scott is an impressive leader and will bring extensive experience to this important role at ASIC,” Longo said. “His commitment to achieving regulatory outcomes that benefit all Australians makes him a strong addition to support ASIC’s commission and head the agency’s executive leadership team.”
This appointment marks a significant phase in ASIC’s ongoing transformation, which has been the most substantial in the past 15 years.
Over the past year, ASIC has enhanced its leadership structure by adding new executive directors for key areas including enforcement and compliance, regulation and supervision, and data, digital, and technology, alongside a new chief people, culture and transformation officer.
Longo emphasised the relevance of Gregson’s background to ASIC’s future direction, particularly his support for digital and technological advancements and his strong enforcement and compliance pedigree.
“As ASIC enters the next phase of the program of transformation we began three years ago, Scott’s experience supporting digital and technology delivery, and his pedigree in enforcement and compliance, will continue to ensure ASIC is well placed to meet future challenges,” he said.
Longo also extended gratitude to Greg Yanco for his contributions during his tenure as interim CEO, acknowledging his pivotal role in positioning ASIC as a modern and ambitious regulator.
Yanco has been “an integral part of Australia’s financial services landscape not just in his various senior executive roles at ASIC, but previously at the ASX,” Longo said.
Gregson expressed enthusiasm about contributing to ASIC’s mission.
“The momentum ASIC is showing in its work and impact is very appealing for me,” he said.
“In an increasingly complex world with heightened cost of living pressures, the work of ASIC is more important than ever and I look forward to taking the step up and helping ASIC meet the challenges ahead.”
Meanwhile, ACCC is preparing to bid farewell to Gregson, who has been a significant figure at the commission since joining as a graduate in 1996.
“This is a great loss for the ACCC and a great gain for ASIC,” said ACCC chair Gina Cass-Gottlieb. “Scott Gregson has made an enormous contribution in his nearly 30 years at the ACCC, and he will be sincerely missed.”
As Gregson transitions to his new role, ACCC will begin the process of seeking his successor.
Read the ASIC media release and the ACCC media release.
