From AFR 10/11/20, may explain lack of ASIC action.The Australian Securities and Investments Commission's deputy chairman Daniel Crennanresigned barely two weeks ago – of his own volition and nearly three years before the expiry of his term, but after the Auditor-General found that the Commonwealth regulator incorrectly paid Crennan $70,000 in housing costs when he relocated from Melbourne to Sydney.Wasting no time ... former ASIC deputy chairman Daniel Crennan. Justin McManusCrennan has agreed to repay that two years' rent. Thankfully for his personal P&L, he hasn't wasted a moment landing another gig.The blue-blooded QC has joined boutique Sydney stockbroker EverBlu Capital as a senior adviser.EverBlu is the Blumenthal family firm founded by father Alvin (ex-BBY) and now run by sons Adam (also ex-BBY) and Darrin. It operates at the fast and shiny end of the IPO market and it's not Swiss, so isn't really the sort of establishment you'd expect the nation's immediate past deputy corporate cop to decamp to. Given its own run-in with EverBlu over software tiddler Manalto, we expect the ASX compliance team will be astonished by this marquee hire.But then it's easily forgotten that while at the Victorian bar, Crennan also served on the boards of numerous small cap mining and resources companies, including Bounty Mining, Wolf Petroleum, Castillo Copper, Haranga Resources, The Waterberg Coal Company and Hunnu Coal (a nine-bagger in its two years as an ASX-listed stock). EverBlu has listed or raised capital for the likes of Victory Mines, Hardley Resources and Rafaella Resources, and is growing rapidly.
CPH Price at posting:
11.5¢ Sentiment: None Disclosure: Not Held
