Joe Longo to step down as Australian Securities and Investments Commission chair
The boss of Australia’s top corporate regulator will step down at the end of his term in 2026 after just shy of five years in the role.
Joe Longo said on Friday that he would not seek another term as chair of the Australian Securities and Investments Commission, a position he has held since June 2021. He will officially finish up with the watchdog in May next year.
Mr Longo said it had been “an immense privilege” to have served as chair and to have “been given the opportunity to rebuild and renew the agency”.
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By continuing you agree to our Terms and Privacy Policy.“When I accepted the position, I was clear ASIC needed to become a modern, confident and ambitious regulator,” he said.
“With the most significant organisational restructure in 15 years, new commissioners, a new CEO and refreshed senior executive team, I see that transformation is delivering dividends.”
The number of investigations ASIC has undertaken has doubled under the tenure of Mr Longo, and there has been a 20 per cent lift in civil enforcement proceedings over the past five years.
Mr Longo said he had informed Treasurer Jim Chalmers earlier that he wouldn’t be seeking another term.
The Perth-born silk was a partner at Parker & Parker (now Herbert Smith Freehills Kramer), before going on to become general counsel for Deutsche Bank in London and Hong Kong for 17 years.
Mr Longo was ASIC’s national director of enforcement between 1996 and 2001.
