ASIC announces significant changes to its senior leadership

ASIC Chair Joe Longo calls changes an opportunity for "executive renewal" and part of ASIC's "ongoing transformation”. 

The Australian Securities and Investments Commission (ASIC) has unveiled significant changes to its senior executive leadership team. CEO Warren Day will depart ASIC to join the Commonwealth Director of Public Prosecutions (CDPP) on secondment as the Director's Executive Officer, effective 1st June.   

ASIC Chair Joe Longo acknowledged Day's instrumental role in ASIC's evolution, particularly in driving organisational transformation since 2021. Longo expressed confidence in Day's ability to leverage his expertise in his new role, emphasising the critical institutional relationship between ASIC and the CDPP.  

"Warren leaves with our full support, and his appointment underpins the critical institutional relationship ASIC holds with the CDPP, which is core to our enforcement work," said Mr Longo.  

After his secondment, Mr Day said he would not return to ASIC.  

Greg Yanco, currently serving as Executive Director of Regulation and Supervision, will step into the role of Interim CEO starting 1st June. With Yanco planning to retire in mid-2025, ASIC will initiate a local and global search for a permanent CEO at a suitable time next year.  

Additionally, Tim Mullaly, Executive Director of Enforcement and Compliance, will retire from ASIC at the end of July after more than 25 years of service. Longo praised Mullaly's pivotal role in maintaining ASIC's robust enforcement framework and strategic pipeline of work.  

The vacancies left by Day and Mullaly present an opportunity for executive renewal and furthering ASIC's transformation agenda. Longo emphasised the importance of recruiting exceptional leaders to evolve ASIC into a modern, ambitious, and confident regulator.  

As ASIC navigates these leadership transitions, it remains committed to promoting confidence and integrity in Australia's financial markets. Longo expressed gratitude to Day and Mullaly for their years of dedicated service and thanked Yanco for assuming the Interim CEO role during this transition period.  

"Filling these positions is an opportunity for executive renewal and ASIC's ongoing transformation towards being a modern, ambitious and confident regulator," said Mr Longo.   

"I want to thank Warren and Tim for their significant contribution to ASIC over many years and thank Greg for stepping into the Interim CEO role."