After a year of discovering who really runs Australia, The Power Index is finally set to reveal the country's fifty most powerful people.
Throughout July, Paul Barry and The Power Index team will be counting down the most influential people in the nation from business, media, politics, sport and culture.
The Power 50 / 2012
Chairman, Australian Securities and Investments Commission
Home Town: Sydney
Greg Medcraft’s attempt to fix all that’s wrong with the Australian Securities and Investments Commission, and transform it into a competent regulator that can come out on the winning side of a big-end-of-town battle, has sent a clear message to the corporate world: be afraid.
It’s been a tough ask. Following a string of high-profile losses in the Federal Court prior to his tenure, Medcraft took the helm of ASIC at a time when he needed to prove to the business community that he's willing to take on a fight. So far, he's showing all the signs that he is.
Those who've been in his company and know his previous record expected nothing less. They say he's a master technician: an operator and a networker who knows who to get involved, who to make feel involved, and who to simply leave out.
Medcraft spent 27 years at Societe Generale climbing from promotion to promotion, from continent to continent, and ultimately ending his career there as global head of securitisation.
He plays well in large organisations. He likes to hunt in packs. He’s on track to make ASIC relevant again.