Promontory director named AFMA chief

Brett Harper, director at IBM's Promontory Financial Group, has been named the new chief executive of the Australian Financial Markets Association (AFMA).

AFMA chair Robert Bedwell said, "I am delighted that Brett is joining AFMA as our new Chief Executive Officer. He brings a vast amount of experience in wholesale markets with a focus on risk management and regulatory change. This will be critical as AFMA continues its advocacy for public policy and regulation that promote fair, competitive, and efficient markets."

Before joining Promontory three years ago, Harper was the chief risk officer for FIIG Securities and was the head of balance sheet and market risk at APRA. He's also held roles with Barclay and Barclay Capital in the UK.

Harper succeeds David Lynch who is retiring from AFMA after 25 years of service, including as its Chief Executive Officer since 2012.