iscoverASIC chairman Joseph Longo will step down from his role in May 2026, the Treasurer revealed on Friday.
ASIC chair Joseph Longo to step down
22 September 2025
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7 minute read
On Friday, Treasurer Jim Chalmers announced that ASIC chair Joseph Longo would not seek reappointment after his term finished in May 2026.
This would see Longo finishing up on 31 May 2026 after serving in his role for the previous five years. In a statement on Friday, he reflected on his tenure as ASIC chair, including the rapid period of change he oversaw.
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“It has been an immense privilege to serve as Chair of ASIC and to have been given the opportunity to rebuild and renew the agency,” Longo said.
“With the most significant organisational restructure in 15 years, new Commissioners, a new CEO and refreshed senior executive team, I see that transformation is delivering dividends.”
Longo highlighted recent achievements, including a doubling of ASIC’s investigation numbers and a 20 per cent increase in civil enforcement proceedings over the last five years.
ASIC had also received greater funding to stabilise critical business registers and produced landmark reports and discussion papers on issues from regulatory complexity to superannuation member services.
On Friday, the Treasurer highlighted ASIC’s achievements over the past five years, with Longo at the helm.
“Since his appointment in 2021, ASIC has carried out significant enforcement actions to uphold the integrity of our corporate, market and financial services sector,” Chalmers said.
“Mr Longo has overseen ASIC during a period of heightened economic, geopolitical and technological change, and I thank him for his leadership.”
Longo was appointed in June 2021 by then-treasurer Josh Frydenberg after having worked for over 40 years across corporate law, financial services, regulation and law enforcement.
Previously, he was the general counsel for Deutsche Bank for 17 years in London and Hong Kong, providing leadership in regulatory issues, governance, corporate law and non-financial risk. He also worked as a senior advisor at Herbert Smith Freehills.
During his final months as ASIC Chair, Longo said the regulator would continue to focus on areas including misconduct in superannuation, public and private markets and ways to attract investment and boost economic growth.
“In the coming months before I complete my term, we will continue our key enforcement work including a heightened focus on misconduct in superannuation. ASIC’s public and private markets work will also continue, with a focus on efficiency and integrity, to attract investment and promote economic growth,” Longo said.
“We will finalise the independent review of the ASX to ensure Australia has stable, secure and resilient market infrastructure. And we will embark on the next stage of work we began in 2024, to simplify regulation to help tackle the productivity challenges Australia faces.
“ASIC has exceptionally dedicated, skilled and experienced staff and I cannot praise them highly enough.”
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