Karen Chester has been appointed deputy chair of the Australian Securities and Investments Commission (ASIC) by the Treasurer Josh Frydenberg, starting at the end of January 2019.
Chester is currently the deputy chair of the Productivity Commission, a position she has held since May 2016.
She’s a former Mercer partner and its global head of infrastructure, and a former CEO of Access Economics. She has presided over ten inquiries and projects during her time with the Productivity Commission, including its review of the superannuation system.
Chester has a first class honours degree in economics from the University of Queensland and received an honorary doctorate in economics by the university in 2017.
Frydenberg said that given Chester’s experience chairing a panel that undertook a four-month capability review of ASIC, she has developed a “deep expertise on ASIC’s role and capabilities.” She undertook that review in 2015.
Chester replaces Peter Kell at ASIC.