As previously reported :
PHOTO: ASIC's new chair, James Shipton (Supplied: Harvard University)
The Australian Government intends to recommend to the Governor-General in Council that Mr James Shipton be appointed as the full-time Chair to the Australian Securities and Investments Commission (ASIC) for a five-year period from 1 February 2018.
Prior to (2013) he spent nine years at Goldman Sachs – five years as Head of Hedge Fund Consultancy and four years as Head of Government and Regulatory Affairs in the Asia Pacific.
It is the duty of the Head of Government and Regulatory Affairs to work with government, to further the interests of the firm.
The 1MDB theft involved the Prime Minister Najib Razak himself at almost every step .While Goldman Sachs has attempted to contain the damage to Tim Leissner , the former Goldman co-president for Southeast Asia, the 1MDB engagement was so large and so high-profile that the then Head of Government and Regulatory Affairs, our soonto be ASIC chairman James Shipton, could not have not been involved in discussions with Najib, the Malaysian Government , and 1MDB. He is likely to have been involved in appointments such as the one reported below, which is now the subject of investigation buy US agencies. The AFP may be compelled to investigate James Shipton for breach of Australian laws ,for the very same reasons.