Investment banker to replace Shipton in ASIC shake-up We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement Long-time investment bank lawyer Joe Longo has been named the new head of the corporate watchdog, as the government prepares a radical shake-up of the regulator. Mr Longo, who worked in senior legal positions at Deutsche Bank for 17 years before joining Herbert Smith Freehills in 2017, will replace current chair James Shipton who has been mired in a controversy after the Auditor-General raised concerns about his expenses. Joe Longo was at regulatory challenged Deutsche Bank for 17 years including as its General Counsel, UK and EMEA.