ASIC appoints additional deputy chair

ACCC commissioner Sarah Court has been named as an additional deputy chair with ASIC.

She joins Joe Longo, who has been named chair.

Court has significant government legal experience as a former senior executive lawyer with the Australian Government Solicitor and was a director for the organisation's operations in Adelaide and Darwin. She was appointed a commissioner with the ACCC in 2008 and is currently in her third term.

Since leaving her legal practice, Court has held advisory positions with the University of South Australia's Centre for Regulation and Market Analysis and Law Schools.

In a statement, outgoing ASIC chair James Shipton said, "On behalf of the ASIC Commission and team I'd like to congratulate Joe Longo on his appointment as the next ASIC Chair and Sarah Court as an additional Deputy Chair.

"[We] know Sarah very well and appreciate the skill and experience she brings from our regulatory counterpart," he said. "We will work with Joe and Sarah over the coming weeks to manage a smooth transition to his leadership of the organisation."