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A veteran financial services lawyer and former regulator has been appointed to head up the corporate cop. Joseph Longo, senior adviser at law firm Herbert Smith Freehills, is the new chair of ASI ....
Lawyer Joe Longo to replace James Shipton as ASIC chairman Save Share Financial services lawyer and former top regulator Joe Longo has been named as the new chairman of the Australian Securities and Investments Commission, replacing James Shipton, as the government looks to re-engineer the watchdog to âsupport Australiaâs economic recoveryâ. The government will also put the new ASIC under the microscope as the first subject of a review by the Financial Regulator Assessment Authority, which will be created later this year. Joe Longo is a lawyer and worked at ASIC earlier in his career. Mr Longo, a senior adviser at law firm Herbert Smith Freehills in Perth, was picked ahead of current ASIC deputy chairman Karen Chester, who threw her hat in the ring after Mr Shipton agreed to leave the regulator following an expenses investigation last year into his relocation costs. ....
HSF lawyer appointed ASIC chair By Lachlan Maddock and Jerome Doraisamy|29 April 2021 A Perth-based senior adviser at Herbert Smith Freehills, who specialises in global banking and financial regulation, is set to become the new chair of ASIC. Joe Longo – who formerly served as the national director of enforcement for ASIC – will become the new chair for the corporate regulator. ASIC confirmed the appointment to Lawyers Weekly’s sister brand, InvestorDaily. Mr Longo was the general counsel for Deutsche Bank in APAC, UK and EMEA, and currently works for global law firm HSF as a special adviser in its Perth office. ....
Australian Treasury The Morrison Government has today appointed Mr Joseph Longo as the full‑time Chairperson and Ms Sarah Court as a full‑time Deputy Chairperson to the Australian Securities and Investments Commission (ASIC) for a five‑year period commencing on 1 June 2021. ASIC is an independent statutory body that is responsible for regulating financial markets, securities, futures and corporations as well as being responsible for consumer protection in relation to superannuation, insurance and banking. Mr Longo has had a long and distinguished career in corporate law, financial services, governance and regulation. Mr Longo is currently a senior advisor at Herbert Smith Freehills and prior to that worked as general counsel for Deutsche Bank in London and Hong Kong for 17 years, was the national director of enforcement at ASIC and a partner at Parker & Parker (now Herbert Smith Freehills). ....