A veteran competition regulator has been appointed to run corporate regulator, the Australian Securities and Investments Commission (ASIC).
Scott Gregson will join ASIC as Chief Executive Officer on 17 March 2025 after a career of almost 30 years with the Australian Competition and Consumer Commission (ACCC).
ASIC Chair Joe Longo said Gregson, who replaces the retiring interim CEO Greg Yenco, had stood out in an executive search of domestic and international candidates.
“Scott is an impressive leader and will bring extensive experience to this important role at ASIC,” Longo said in a media release.
“His commitment to achieving regulatory outcomes that benefit all Australians makes him a strong addition to support ASIC’s commission and head the agency’s executive leadership team.”
Longo said the appointment was the next step in ASIC’s transformation following the organisation’s most significant redesign in 15 years and followed appointments of new executive directors in a range of areas.
ASIC has faced criticism in recent years over its effectiveness, particularly in prosecuting complex cases, and has been hampered by funding restraints.
Gregson, who joined the ACCC as a graduate in 1996, spent much of his time in investigation and enforcement roles, led teams that litigated high-profile matters and led the ACCC’s digital and data transformation program as CEO.
Gregson said the momentum ASIC was showing in its work and the impact was appealing for him.
“In an increasingly complex world with heightened cost of living pressures, the work of ASIC is more important than ever and I look forward to taking the step up and helping ASIC meet the challenges ahead,” Gregson said.