The latest moves in wealth management across Asia.

ASIC
Australia’s Federal Government has appointed former Goldman Sachs banker James Shipton to replace Greg Medcraft as chairman of the Australian Securities and Investments Commission (ASIC), according to local media reports.

Shipton has more than 20 years' experience to the corporate regulator after roles at Goldman Sachs as a managing director and head of government and regulatory affairs for Asia-Pacific.

He is currently executive director of studies in international finance systems at Harvard Law School in the United States after serving as a commissioner at the Hong Kong Securities and Exchange Commission.

"Mr Shipton brings wide regulatory and financial market knowledge to the position, as well as international experience," said financial services minister Kelly O'Dwyer. “I look forward to Mr Shipton making a significant contribution to the important work of ASIC in promoting confidence in Australia's financial system and protecting consumer interests as the incoming chair."