The head of the Australian Securities and Investments Commission (ASIC) has welcomed the appointment by Treasurer Jim Chalmers of three new Commissioners to the financial regulator. 

Katherine O’Rourke, currently a First Assistant Secretary at Treasury, will start as a Commissioner on September 11. 

Alan Kirkland, the CEO of leading consumer group CHOICE, and Ms Simone Constant, currently the Chief Risk Officer, Institutional Bank and Markets at the Commonwealth Bank, will start their terms on November 20. 

ASIC Chairman Joe Longo says the three newcomers bring “exceptional experience and skills to the Commission”. 

“The new Commissioners strengthen and reinforce the expertise of the Commission at a time of significant and complex change in our regulatory environment. 

“ASIC’s role is fundamental to protecting Australian consumers and investors while our economy navigates difficult challenges including climate change, an ageing population and the rapid evolution of data technology.” 

Mr Longo says each of the new commissioners have considerable experience in areas relevant to ASIC’s strategic priorities.  

He thanked outgoing Commissioner Danielle Press, who leaves ASIC when her term expires next month.