ASIC appoints new Markets Disciplinary Panel chairman

Mr Gray will serve a two-year term effective from 1 August 2016.

The Markets Disciplinary Panel (MDP) serves as an independent peer-review forum for disciplinary action against market participants and market operators for alleged breaches of the ASIC market integrity rules.

Mr Gray is currently deputy CEO of investment and wealth management firm Shaw and Partners, and had previously served as the MDP's deputy chairman.

ASIC chairman Greg Medcraft and ASIC commissioner Cathie Armour paid tribute to the outgoing MDP chair, Lisa Gay, who has led the panel for the past six years.

"I want to thank Lisa Gay for her steadfast leadership of the Panel since it was established in 2010. The Panel is a critical forum in maintaining market integrity and Lisa's leadership has been exemplary. I wish her all the best for the future," they said in a statement.

"Simon Gray is a seasoned markets practitioner and knows well the workings of the Panel, and we look forward to his leadership and drive to uphold the high standards of market integrity as Lisa has done."

Cilla Boreham, currently a panel member, has been appointed deputy chairman, also for a two-year term effective from 1 August 2016.