The International Organization of Securities Commissions (Iosco) has today appointed David Wright as its new Secretary General.
Mr. Wright will be responsible for leading the work of IOSCO's General Secretariat in support of the work of the organisation, and it is expected he will take up his position in March 2012.
Maria Helena Santana, Chairperson of the Executive Committee of IOSCO, said: "I am delighted to announce the appointment of David Wright as IOSCO's new Secretary General. David comes to IOSCO with an extensive background in European and international regulatory and political policy through his various leading roles at the European Commission.
"I believe that this experience will be an important asset in leading the General Secretariat's work in helping to deliver IOSCO's strategic priorities of organisational reform, supporting capacity building, widening technical assistance and contributing to global regulatory reform.
"Finally, I would like to express my appreciation on behalf of IOSCO's members to Greg Tanzer for his work as Secretary General and wish him the best in his new role with ASIC."
David Wright, IOSCO Secretary General designate said: "I am honoured to have been selected as IOSCO's next Secretary General, and look forward to leading the Secretariat in supporting the organisation in delivering its strategic priorities."
Mr. Wright has been a senior advisor to the European Commission during the current financial crisis and his most recent position has been as a member of the Commission's Task Force on Greece which is helping define and deploy a major technical assistance programme for Greece.
He has spent more than 34 years working for the European Commission at the highest levels of the European Unions' political and regulatory system. In this time he has advised European Commission Presidents Delors and Santer, been a member of Sir Leon Brittan's Cabinet and since the end of the 1990's has been at the forefront of the drive to integrate the European Union's financial services and capital markets. This inclincluded key roles in designing and finding political agreements on the major European securities legislation such as MIFID and the Transparency, Prospectus and Market Abuse directives and acting as rapporteur on the De Larosière Committee on financial services reform. He has also represented the European Commission in international fora such as the FSB and G20, and has played a key role in developing the EU's bilateral financial services relations.
He was educated at Worcester College, Oxford University.