Treasury rewrites ASIC duties with new chair Treasury rewrites ASIC duties with new chair Treasurer Josh Frydenberg has listed accountability as a key factor of the government’s expectations for ASIC’s new leader. A A Joe Longo, senior adviser at law firm Herbert Smith Freehills, is the new chair of ASIC. Mr Longo worked as general counsel for Deutsche Bank in both London and Hong Kong for 17 years, prior to which he was ASIC’s national director for enforcement. He replaces James Shipton, who opted to resign from his position in the wake of an expenses scandal despite ultimately being cleared of wrongdoing.