Kell appointed as ASIC deputy chair
Peter Kell has been appointed as deputy chairman of the Australian Securities and Investments Commission (ASIC) for a five-year period, following the departure of the current deputy chair, Belinda Gibson.
Kell, who joined ASIC from the Australian Competition and Consumer Commission (ACCC) in 2011, will start his new role on 6 May, according to the announcement by Parliamentary Secretary to the Treasurer, Bernie Ripoll.
Furthermore, Macquarie Group executive Cathie Armour has been appointed as a full-time Commissioner to replace Kell for the next four years, starting 3 June.
Ripoll said Kell had extensive experience in both the financial services sector and consumer protection issues.
Prior to his appointment to ASIC, he was deputy chairman of ACCC and CEO of consumer group CHOICE.
Armour is an executive director and general counsel of Macquarie Capital within the Macquarie Group.
"She has had extensive experience in the financial sector, including responsibility for Macquarie Capital Compliance and Risk," Ripoll said in a statement. "Prior to working at Macquarie, she was legal counsel at JP Morgan."
With the appointments of Kell and Armour, Ripoll said ASIC would have five full-time members, including the chairman and the deputy chairman.
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