ASIC has made two appointments to its executive leadership team, covering its regulation and supervision, and enforcement and compliance divisions.
The regulator announced that following an international search, Peter Soros has been appointed executive director regulation and supervision.
Soros will join ASIC from the Australian Transaction Reports and Analysis Centre (AUSTRAC), Australia’s financial intelligence and anti-money laundering and counter-terrorism financing regulator. He will commence in November.
Soros is currently deputy CEO for regulation at AUSTRAC and was acting CEO for an eight-month period last year.
Chris Savundra has been appointed executive director enforcement and compliance, effective 28 October 2024.
Savundra is currently ASIC’s general counsel and executive director for legal services and a search for his successor is underway.
Savundra has significant litigation experience from his outgoing role, including some of ASIC’s most significant and complex matters such as the Bank Bill Swap Rate litigation.