Frydenberg names new ASIC deputy chair

ASIC/peter-kell/karen-chester/daniel-crennan/James-Shipton/appointment/Josh-Frydenberg/

10 December 2018
| By Mike |
image
image
expand image

The woman who has been integral to the Productivity Commission’s sometimes controversial examination of the competitiveness and efficiency of superannuation, Karen Chester, has been appointed as the new full-time deputy chair of the Australian Securities and Investments Commission (ASIC), replacing Peter Kell.

Chester’s appointment was announced by the Treasurer, Josh Frydenberg who noted that Chester had previously been a partner at Mercer and the chief executive of Access Economics.

The Treasurer also noted that Chester had been chair of the 2015 expert panel which undertook a four-month capability review of ASIC resulting in a number of key changes aimed at strengthening the regulator.

Frydenberg’s formal statement said Chester’s appointment had followed “the Government’s significant investment in the leadership of ASIC with the appointment of the new ASIC chairman, James Shipton and deputy chair, Daniel Crennan QC who had a key focus on enforcement.

He also noted the appointment of additional commissioners, Danielle Press and Sean Hughes

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 5 days ago

TOP PERFORMING FUNDS