POWERED BY MOMENTUM MEDIA
Frydenberg names new ASIC deputy chair
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.
Recommended for you
Australian Ethical has named its new head of equities, who previously spent 12 years at Perpetual.
The country’s sovereign wealth fund has unveiled a flurry of changes to its leadership team, including the appointment of a key executive role.
With Damian Graham stepping into a new capacity within the $190 billion super fund ahead of his retirement, a global search is set to commence for his replacement.
Cbus has swiftly promoted Leigh Gavin to chief investment officer only months after naming him deputy, as the fund works towards growing in size and bringing its investment expertise in-house.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
