ASIC Announces Leadership Changes: Greg Yanco Named as Interim CEO, E&C Head Tim Mullaly Retires

Warren Day, CEO of the Australian Securities and Investments Commission (ASIC) will join the Commonwealth Director of Public Prosecutions (CDPP) on secondment as the Director’s Executive Officer, effective 1 June 2024, the ASIC announced on Monday.

According to the announcement, Executive Director of Regulation and Supervision Greg Yanco will be appointed as ASIC’s Interim CEO effective 1 June 2024. Mr Yanco was previously Executive Director Markets between January 2019 and June 2023 before commencing in his current role. He has more than 30 years of experience in financial market development, regulation, and supervision.

At the conclusion of the CDPP secondment, Mr. Day has indicated he will not return to ASIC. 

Mr. Yanco has informed the Commission that he expects to retire in mid-2025. A local and global search for a permanent CEO will commence in early 2025.

“Warren has been a significant contributor to ASIC for more than 20 years across virtually every part of ASIC’s remit. This is an opportunity for him to bring the skills and experience he has gained at ASIC to an agency we have a shared interest in supporting and seeing succeed,” ASIC Chair Joe Longo said.

The ASIC Chair said Mr Day’s secondment to the CDPP came as ASIC enters the next phase of its transformation.

Following more than 25 years of service to ASIC, Executive Director of Enforcement and Compliance Tim Mullaly has also advised that he will be retiring from ASIC at the end of July 2024. Mr Mullaly has held executive roles at ASIC for the last 12 years, leading the Financial Services Enforcement team for 11 years and, for the last year, Enforcement and Compliance (E&C) team.

“I want to thank Warren and Tim for their significant contribution to ASIC over many years and thank Greg for stepping into the Interim CEO role, ” Joe Longo said.