The new regulation is targeting digital asset and payment service providers in both cryptocurrencies and stablecoins; draft legislation is expected by the end of 2025.
Sydney-based Ben Connolly will step up from his real estate role, while Philippe Perzi will join from Goldman Sachs where he was managing director and head of FIG.
The Australian bond market has seen a record start to the year, with A$69bn being issued so far in 2025, with robust investor liquidity and tightened spreads.
The move by Australia to phase out the bonds may reflect the unusually high level of retail investor holdings of AT1 instruments in the country, Fitch Ratings said.
Investors from Asia and Europe were on the oversubscribed deal, which was managed by Commonwealth Bank of Australia, Deutsche Bank, NAB, UBS and Westpac. Proceeds will be used for projects such as hydrogen hubs.