New ASIC deputy chair announced

The government has appointed Karen Chester as the new full-time deputy chair of the corporate regulator.

Ms Chester will commence with ASIC for a five-year period from 28 January 2019, replacing Peter Kell.

She has been the deputy chair of the Productivity Commission since May 2016, having been appointed a commissioner in December 2013, Treasurer Josh Frydenberg said in a statement.

During this time, Ms Chester presided on over 10 inquiries and projects, including the Productivity Commission’s three-stage review of the superannuation system.


In 2015, the government appointed Ms Chester to chair an expert panel that undertook a four-month capability review of ASIC, saying it resulted in a number of key changes to strengthen ASIC.

Ms Chester’s appointment follows the appointment of chair James Shipton, deputy chair Daniel Crennan, Danielle Press and Sean Hughes.

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Adrian Flores

Adrian Flores

Adrian Flores is a deputy editor at Momentum Media, focusing mainly on banking, wealth management and financial services. He has also written for Public Accountant, Accountants Daily and The CEO Magazine.

You can contact him on [email protected].

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