Chester Moynihan appointed Australian Investment Council Chair
News
11.2.2026
10 February, 2026 - The Australian Investment Council, the national peak body for private capital, today announced Chester Moynihan has been elected Board Chair.
He succeeds Alicia Gregory who has retired after four years in the role.
Mr Moynihan is a Founding Partner at Allegro Funds, one of Australia’s largest private equity fund managers. He co-founded Allegro in 2004 and has a 35-year career spanning private equity, corporate advisory and executive management. He joined the Council board in November 2017.
Ms Gregory, who joined the Council board in November 2018, will remain on the board in her capacity as Managing Director at Blue Owl Capital.
Navleen Prasad, Australian Investment Council CEO said: “On behalf of the team at the Council, I’d like to thank Alicia for her vision, leadership and tireless commitment to our industry over the past four years as Chair. It has been a privilege working alongside her.”
“Alicia is a global industry leader and her unique understanding of private capital, markets and the role that our members play in driving positive outcomes for Australians has been instrumental in shaping our achievements during her stewardship. Alicia’s wisdom, warmth, optimism and collaboration have made a lasting impact on our team and members.
“During Alicia’s tenure as Chair, the Council significantly enhanced its engagement initiatives, has grown the membership base, and undertaken major advocacy projects and outcomes. She oversaw these substantial achievements as private capital’s contribution to the economy continued to grow.”
“We look forward to continuing this work under Chester’s stewardship. He is a strong advocate for our industry, notably the development of emerging talent. As a longstanding board member, Chester has already given much to our industry.”
Chester Moynihan, incoming Chair said: “I am delighted to be elected as Chair of the Australian Investment Council and to work alongside the dedicated board and team as we continue to advocate strongly for our members and the Australian private capital industry.”
“Alicia has been an outstanding Chair and I am grateful for her exceptional leadership over the past four years. I look forward to building on the strategic momentum established under Alicia’s guidance, and to working closely with the Council’s management team and fellow board members to deliver on our key priorities.”
“A key focus of my tenure will be ensuring private capital’s economic contribution and capacity to help deliver national goals remains at the forefront for Government and policymakers.”
Alicia Gregory, outgoing Chair said: “It was an honour to serve for four years as Council chair, and I look forward to my continued involvement on the outstanding board whose focus is always on delivering the best outcomes for our members, the industry and the Australian economy.”
“My time as Chair was an opportunity to help drive change for the private capital industry in Australia. This is a privilege that wasn’t taken lightly. I am grateful for the relationships built during my tenure and am proud of the outcomes we have delivered.”
About Australian Investment Council
The Australian Investment Council is the national peak body for private capital, which contributes three per cent to national GDP, supports over 1,100 businesses and over 600,000 jobs. Our 210+ members span global and domestic private equity, venture capital, private credit, institutional investors, including superannuation funds, and the professional services firms that provide expertise to the industry. Our purpose is to enable private capital to invest in Australian ideas, businesses and communities.
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