The Australian Securities and Investments Commission (ASIC) has announced the appointments of Peter Kell and Greg Tanzer as full-time Commissioners.


Mr Kell will start his five-year appointment period from November, while Mr Tanzer will start his four-year roll from January, 2012.


Mr Kell, who is currently Deputy Chair of the Australian Competition and Consumer Commission (ACCC), brings to his new role his experience as a consumer advocate. Before joining the ACCC, he was Chief Executive of CHOICE and a board member of the global consumer organisation Consumers International.


Mr Tanzer is currently the Secretary General of the International Organisation of Securities Commissions (IOSCO), a role he has held since November 2007.  Prior to that role, he was the Executive Director of Consumer Protection and International Relations at ASIC.


The appointments come as ASIC Commissioner Michael Dwyer announced he will not be seeking reappointment after his term expires in December.


“We would like to thank Mr Dwyer for his valued stewardship of the accounting, auditing, compliance and insolvency policy areas in his three years on the Commission. The Government will use a merit-based selection process for the appointment of a new ASIC Commissioner to replace Mr Dwyer over the next few months,” Treasurer Wayne Swan said.


“We would also like to recognise the important contribution of former ASIC Commissioner Shane Tregillis. Mr Tregillis left the Commission on 26 August to take up his new role as the Chief Ombudsman of the Financial Ombudsman Service. During his time as an ASIC Commissioner, Mr Tregillis worked particularly in the area of equity market competition and the transfer of market oversight to ASIC last year.”