Seasoned industry leaders commence role as ASIC commissioners

New faces to focus on consumer protection 'amid mounting cost-of-living pressures'

Seasoned industry leaders commence role as ASIC commissioners

Insurance News

By Roxanne Libatique

Seasoned industry leaders Alan Kirkland and Simone Constant have commenced their roles as new Australian Securities & Investments Commission (ASIC) commissioners.

Kirkland and Constant began their five-year terms yesterday, November 20 – with the former focusing on insurance, credit, and financial advisers and investment management, and the latter focusing on markets and superannuation.

Kirkland is highly experienced in financial markets and consumer protection, with over 20 years of experience at the CEO level. He has been the CEO of CHOICE since 2012 and has worked in public and not-for-profit sectors.

Constant is experienced in financial services and risk management, including in equity and debt investment and advisory services, legal, and financial markets. She is the CRO of institutional bank and markets at the Commonwealth Bank of Australia, where she has worked since 2020. She also spent time with the NSW Department of Education and NSW Treasury.

ASIC’s recent appointments

The Hon Dr Jim Chalmers MP, the Treasurer of Australia, announced the appointment of three new ASIC commissioners in August 2023. One of the new commissioners, Katherine O’Rourke, commenced her role in September 2023.

ASIC chair Joe Longo welcomed the seasoned leaders to the ASIC.

“The work of ASIC is fundamental to Australia having a strong and secure financial system that works in the best interests of all market participants and is well regarded globally,” he said. “Simone, Alan, and Kate bring deep experience to ASIC that will support the organisation to deliver on its strategic priorities and importantly ensure we maintain a strong focus on consumer protection amid the mounting cost-of-living pressures Australians are facing.”

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