ASIC Shuffles the Pack

The Australian Securities and Investments Commission (ASIC) has unveiled a raft of management changes, including at the top of its Markets Supervision unit.

Calissa Aldridge, the current senior executive leader for Markets Supervision, has been promoted to executive director, Markets Group, with Rhys Bollen, the current senior executive leader for Credit, Banking, and General Insurance replacing her as senior executive leader for Markets Supervision. Additionally, Ben Cohn-Urbach will step into the role of acting senior executive leader, Markets Infrastructure.

In their new roles, Aldridge assumes responsibility for end-to-end regulation of markets, including supervision, compliance and enforcement of market infrastructure, market intermediaries, corporate finance activities and market surveillance, while Bollen assumes responsibility for supervision of market intermediaries and market surveillance and Cohn-Urbach for market infrastructure.

Aldridge formally commenced in her role on 17 August 2023 and is reporting to ASIC CEO, Warren Day. Bollen and Cohn-Urbach commence in their roles on 28 August 2023 and will report to Aldridge.

Additionally, Nathan Bourne, the current senior executive leader, Markets Infrastructure, has been appointed senior executive leader, Credit, Banking and General Insurance, to replace Bollen. Chris Rowe, the current senior executive leader, Investigations, has been appointed senior executive leader Investigation and Enforcement Action.

“I am pleased to announce each of these new appointments which are testament to the strong talent at ASIC, while at the same time reflective of the need for renewal,” says Day. “The economy and broader environment in which ASIC operates is constantly shifting and we are evolving to meet those challenges. These appointments bring us closer to finalising the implementation of ASIC’s new organisational structure.”