Northern Trust and State Street have joined the Association for Financial Markets in Europe (AFME) as board members.
Northern Trust and State Street join 24 other European wholesale banking groups on AFME’s governing body.
The individuals representing these members on the AFME board will be Justin Chapman, executive vice president, global executive securities services and global head market advocacy and innovation for Northern Trust, and Martine Bond, executive vice president and head of global markets business in Europe, Middle East and Africa and GlobalLinkX for State Street.
Commenting on Northern Trust’s and State Street’s appointment to the AFME board Adam Farkas, chief executive of AFME, says: “We are delighted to welcome Justin and Martine to the AFME board.”
“We are very fortunate to welcome two such highly experienced market professionals and the addition of their deep expertise which will provide valuable input, in particular, to the work of our technology and operations and post-trade divisions.”
The news comes in the same week AFME announced it had appointed Caroline Liesegang as managing director, head of prudential regulation and research, leading the association’s work on the prudential framework for banks.
Liesegang succeeds Michael Lever, who retired at the end of 2021, after 10 years of service at the association.
Prior to joining AFME, Liesegang was the UK chief risk officer for the London branch of Commerzbank AG, where she headed the UK risk function.
