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 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?...

4 months 3 weeks ago

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

5 months ago

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

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 5 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 1 day ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 4 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
3