Greg Medcraft, the chair of the Australian Securities and Investments Commission, was appointed chair of the global peak body that represents 32 securities regulatory authorities.
Medcraft took over as chair of the International Organization of Securities Commissions (IOSCO) during a board meeting last week.
Medcraft succeeds Masamichi Kono of the Japan Financial Services Agency (FSA) and said it wants to work towards the engagement with members and stakeholders and the cooperation across its membership and with the industry.
The Board also elected Ontario Securities Commission chairman Howard I. Wetston as IOSCO vice chair following the retirement of Ethiopis Tafara.
"I want to build on Mr. Kono's work and ensure IOSCO is proactive and forward-looking in delivering three objectives - working to ensure that globally investors are confident.
IOSCO is an international policy forum for securities regulators and is recognised as the global standard setter for securities regulation.
The organisation's membership regulates more than 95% of the world's securities markets in more than 115 jurisdictions. Its board is made up of 32 securities regulatory authorities across the world.