Government names new ASIC chair

The newly appointed Mr Shipton will replace outgoing chair Greg Medcraft in February 2018 for a five-year term in the role, Ms O’Dwyer said in a statement.

Mr Shipton currently serves as the executive director of the program on international financial systems at Harvard Law School and was previously executive director of intermediaries supervision and licensing division at the Hong Kong Securities and Futures Commission.

“I look forward to Mr Shipton making a significant contribution to the important work of ASIC in promoting confidence in Australia’s financial system and protecting consumer interests as the incoming chair,” Ms O’Dwyer said.

“I would also like to express my appreciation to Mr Greg Medcraft for his commitment over the past years to ASIC both as the chair and as a member.”