A risk-focused new ASIC commissioner

Ian Rogers

Simone Constant

ASIC is getting three new commissioners, one with deep experience at the highest levels at Commonwealth Bank and NAB.

On Friday, Treasurer Jim Chalmers said he had appointed Simone Constant, Alan Kirkland and Katherine O’Rourke as members of the Australian Securities and Investment Commission for a term of five years.

Simone Constant is chief risk officer, institutional bank and markets at CBA, where she has worked since 2020. Prior to that, she was CRO for NAB’s corporate and institutional bank, and also been CRO for NAB’s consumer bank.

She has also worked with the NSW Department of Education and NSW Treasury, where she was a deputy secretary.

Alan Kirkland has been the CEO of consumer group CHOICE since 2012.

Kate O’Rourke is first assistant secretary of the small and family business division at Treasury and previously she led the department’s consumer data and digital division where she was responsible for the regulatory design and implementation of the consumer data right.

Prior to Treasury, O’Rourke was a senior executive at ASIC.

The three replace outgoing ASIC commissioners Danielle Press, Sean Hughes and Karen Chester.

O’Rourke will begin her role September. Constant and Kirkland join ASIC in November.