A spokesperson for ASIC confirmed that Paul Newson, who joined the regulator as executive director financial services in June, stepped down from his position last week.
Mr Newson was responsible for overseeing ASIC’s financial services team, including life insurers, retail banking, mortgage brokers and small business credit providers.
He had come primarily from a public service background, having previously served as deputy secretary of liquor, gaming and racing for the NSW government, and chief executive of Greyhound Racing NSW.
Mr Newson had also held compliance roles at the Independent Pricing and Regulatory Tribunal, as well as AUSTRAC.
ASIC declined to comment on Mr Newson’s reasons for leaving the position.
Some one who used to be in charge of the dish lickers found ASIC too corrupt to work for, shows why financial planning is dead and buried.
Useless heading up the dogs and useless working at asic, back to writing crap on the huffington post for you newson old chap. Karmas a beach isnt it Pauly old boy..
pass the popcorn….
what would a public servant know from the gaming industry background know about financial advice?
which commissioner did her work under in ASIC?
Would be a good guy to talk to, to see what’s going on back there.
Probably off to a nice exec job with one of the instos
Leaving a cushy government job during a global pandemic is certainly interesting especially after only 3 months in the role. Look forward to the conspiracy theories ahead.
yes I agree.