Australian Securities and Investments Commission (ASIC) Chair Joe Longo has confirmed he will not seek reappointment when his term concludes on 31 May 2026, following almost five years in the role.
In a statement issued on 19 September, Longo said: “It has been an immense privilege to serve as Chair of ASIC and to have been given the opportunity to rebuild and renew the agency.”
Longo noted that he informed the Treasury in June of his decision, later formalising it with the Treasurer. He emphasised the transformation during his tenure, pointing to “the most significant organisational restructure in 15 years, new Commissioners, a new CEO and refreshed senior executive team.”
He highlighted enforcement results, with ASIC doubling its investigations and recording a 20% increase in civil proceedings over five years. Longo also underscored improved funding to stabilise business registers and key work on market regulation, superannuation services, and consumer protections.
Looking ahead to the remainder of his term, Longo said: “We will continue our key enforcement work including a heightened focus on misconduct in superannuation. ASIC’s public and private markets work will also continue, with a focus on efficiency and integrity, to attract investment and promote economic growth.”
He added that ASIC would finalise the independent review of the ASX and continue efforts begun in 2024 to simplify regulation and support productivity.
Longo began as Chair on 1 June 2021, returning to ASIC after previously serving as national director of enforcement from 1996 to 2001. His career has spanned senior roles in private practice and banking, including 17 years as general counsel for Deutsche Bank in London and Hong Kong.
He also holds positions with the International Organisation of Securities Commissions (IOSCO), including Vice Chair of its Asia Pacific Regional Committee.
