New ASIC chair appointed

Joe Longo, senior adviser at law firm Herbert Smith Freehills, is the new chair of ASIC. Mr Longo worked as general counsel for Deutsche Bank in both London and Hong Kong for 17 years, prior to which he was ASIC’s national director for enforcement. He replaces James Shipton, who decided to resign his position in the wake of an expenses scandal despite ultimately being cleared of wrongdoing.

ASIC confirmed the appointment to ifa.