Australia's Swan names new ACCC, ASIC chairmen
Published: May 2, 2011 7:41 p.m. ET
SYDNEY (MarketWatch) -- Australia's Treasurer, Wayne Swan, said Tuesday that the government has recommended Greg Medcraft as chairman of the Australian Securities and Investments Commission and Rod Sims as chairman of the Australian Competition and Consumer Commission. The government will recommend that both candidates are appointed for five years. If appointed, Sims will replace Graeme Samuel at the ACCC while Medcraft will replace Tony D'Aloisio.