Following a strategic review of ASIC's operations in 2008, the Government has boosted staffing for the corporate regulator.
The Government has expanded ASIC's executive team, hiring three commissioners after a strategic review of the regulator's operations during the year.
The three new ASIC commissioners include Greg Medcraft, Peter Boxall and Michael Dwyer. In addition, John Stuckey has been hired as the chair of the new external advisory panel.
"We are pleased that the Government has accepted our recommendation, which came out of our strategic review to increase the size of the commission," ASIC chair Tony D'Aloisio said.
Medcraft previously worked at the Australian Securitisation Forum as chief executive. He has also worked for Societe Generale as global head of securitisation.
Boxall has led a number of public service organisations and has also worked as an economist for the Reserve Bank of Australia.
Dwyer has worked as a chartered accountant and insolvency partitioner. He served as the national president of the Insolvency Practitioners' Association of Australia and has worked at KPMG as a partner in its business recovery group.
Stuckey previously worked for 25 years at management consultant McKinsey & Company as managing director of the Australasian practice, chair of Asia and on the firm's global board.
ASIC's external advisory panel was conceived in May following a review of its operations. The panel will provide advice to ASIC with information on potential market systematic issues.
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