Sean Hughes, who’s now the Commissioner of the Australian Securities and Investments Fee (ASIC), has resigned from his put up and can finish his time period on 3 February. He’ll be a part of Vanguard Australia because the Basic Counsel.
Hughes joined the Aussie monetary market watchdog as a Commissioner in late 2018 with a five-year time period. He’s stepping down ten months earlier than the expiry of his contract on 3 December 2023.
“We’re grateful for the contribution Sean has made to ASIC in his position as Commissioner and need him nicely within the subsequent stage of his profession,” stated ASIC Chair Joe Longo.
It was the third tenure of Hughes on the Aussie regulator. Beforehand, he labored as a Senior Govt at ASIC between December 2008 and December 2010 and was the Director of Monetary Providers between July 1999 and December 2003. He re-joined the regulator at one of many high posts in 2018 from Tabcorp, the place he was a Basic Counsel.
His regulatory expertise additionally expands past Australia as he was the Chief Govt of New Zealand’s Monetary Markets Authority for over three years. Within the business area, he additionally labored with a number of main monetary giants. He was the Chief Threat & Authorized Officer at UniSuper, Head Of Authorized at Nationwide Australia Financial institution, and Group Basic Supervisor for Compliance at ANZ.
Try the newest FMLS session on “Regulation Roundup.”
From ASIC to Vanguard
Hughes’ appointment at Vanguard Australia got here solely weeks after the ASIC slapped a financial penalty of AU$39,960 on the corporate for “deceptive” ESG claims.
Vanguard Australia’s Managing Director Daniel Shrimski highlighted that Hughes “brings a big depth of expertise in legislation, governance, regulation , monetary companies, wealth administration, and danger into main this vital perform of the enterprise.”
He added: “The robust foundations constructed by Vanguard’s Australian management over the previous 27 years [have] all the time been guided by delivering on Vanguard’s mission, and with Sean’s appointment, we proceed to deal with constructing groups led by robust leaders who will make sure that the enterprise stays aligned with the brand new and altering wants of our purchasers into the longer term, to supply them one of the best probability of investing success.”
Sean Hughes, who’s now the Commissioner of the Australian Securities and Investments Fee (ASIC), has resigned from his put up and can finish his time period on 3 February. He’ll be a part of Vanguard Australia because the Basic Counsel.
Hughes joined the Aussie monetary market watchdog as a Commissioner in late 2018 with a five-year time period. He’s stepping down ten months earlier than the expiry of his contract on 3 December 2023.
“We’re grateful for the contribution Sean has made to ASIC in his position as Commissioner and need him nicely within the subsequent stage of his profession,” stated ASIC Chair Joe Longo.
It was the third tenure of Hughes on the Aussie regulator. Beforehand, he labored as a Senior Govt at ASIC between December 2008 and December 2010 and was the Director of Monetary Providers between July 1999 and December 2003. He re-joined the regulator at one of many high posts in 2018 from Tabcorp, the place he was a Basic Counsel.
His regulatory expertise additionally expands past Australia as he was the Chief Govt of New Zealand’s Monetary Markets Authority for over three years. Within the business area, he additionally labored with a number of main monetary giants. He was the Chief Threat & Authorized Officer at UniSuper, Head Of Authorized at Nationwide Australia Financial institution, and Group Basic Supervisor for Compliance at ANZ.
Try the newest FMLS session on “Regulation Roundup.”
From ASIC to Vanguard
Hughes’ appointment at Vanguard Australia got here solely weeks after the ASIC slapped a financial penalty of AU$39,960 on the corporate for “deceptive” ESG claims.
Vanguard Australia’s Managing Director Daniel Shrimski highlighted that Hughes “brings a big depth of expertise in legislation, governance, regulation , monetary companies, wealth administration, and danger into main this vital perform of the enterprise.”
He added: “The robust foundations constructed by Vanguard’s Australian management over the previous 27 years [have] all the time been guided by delivering on Vanguard’s mission, and with Sean’s appointment, we proceed to deal with constructing groups led by robust leaders who will make sure that the enterprise stays aligned with the brand new and altering wants of our purchasers into the longer term, to supply them one of the best probability of investing success.”
