The boss of Australia’s top corporate regulator will step down at the end of his term after just shy of five years in the role.

Joe Longo said on Friday that he would not seek another term as chair of the Australian Securities and Investments Commission, a position he has held since June 2021.

Mr Longo said it had been “an immense privilege” to have served as chair and to have “been given the opportunity to rebuild and renew the agency”.

“When I accepted the position, I was clear ASIC needed to become a modern, confident and ambitious regulator,” he 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.”

The number of investigations ASIC has undertaken

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