ASIC chairman Greg Medcraft was elected chairman of the board of the International Organization of Securities Commissions (IOSCO), following a vote of board members at IOSCO’s annual conference in Beijing. Mr Medcraft’s IOSCO term will begin when the current chairman, Masamichi Kono, steps down in March 2013 and will continue to September 2014. The IOSCO role will be held concurrently with Mr Medcraft’s ASIC responsibilities.