Australian litigator to be new CEO of Serious Fraud Office

Australian litigator to be new CEO of Serious Fraud Office
Julie Read

An Australian litigator currently working for the Australian Securities and Investment Commission (ASIC) is the new head of the Serious Fraud Office.

State Services Commissioner and Head of State Services Iain Rennie said that Julie Read, currently based in Hobart, will be moving to NZ to take up her role as chief executive and director of the Serious Fraud Office on October 21.

Simon McArley is currently acting chief executive of the SFO. The previous CEO Adam Feeley left nearly a year ago.

Ms Read has over 20 years experience as a litigator, including 10 years with ASIC, holding several senior executive roles. She is currently the Special Counsel (Litigation) in ASIC's Chief Legal Office - a position she has held since 2010.

"Ms Read is a senior public servant with significant experience at executive level managing work very similar to that of the Serious Fraud Office,"  Rennie said.

"She has a track record of building and maintaining effective relationships with stakeholders and colleague agencies, while discharging her statutory role in complex and challenging investigations and prosecutions."

The Serious Fraud Office is a specialised government department based in Auckland with around 50 staff. It is responsible for detecting, investigating and prosecuting serious and complex financial crime, bribery and corruption.

"New Zealanders and people investing in New Zealand need to be assured that fraud and corruption will not be tolerated,"  Rennie said.

"Ms Read will lead the Serious Fraud Office to actively monitor, investigate and prosecute so that serious fraud and corruption does not go undetected or unpunished."

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Mr Feeley has taken a razor to the QLDC. Seems he is very proud of his 100% turnover while at the SFO.

O-shit-O-dear
 
a case of seeming to do something while doing nothing at the same time
 
ASIC has not won one major litigation case it mounted in the last 5 years - it lost every one
 
A great comfort for the villains

Yes really
 
The link refers to only negotiated enforcements - I'm referring to cases where it actually got to court - there havent been too many - two maybe three big ones over the last 5 years

Wow ...! now there's a banking appointment to divert attention to the minor infringers, if I ever seed one....shucks.
Ausie Banks ...Ausie SFO... what's next, one currency and the RMA balance the books with the milk tokens...?....
  That iconoclast ,he's a scamp isn't he Mr  Chaston...?  but he is a clever one...