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Andrew Harvey

Managing Director - Europe

+44 (0)20 3828 2694

Andrew Harvey is Managing Director, Europe, of the Global FX Division of GFMA (the Global Financial Markets Association). The Division was formed in June 2010 to support efforts to promote an efficient FX market, monitor regulatory developments that could affect the market and assist the industry in building out the infrastructure of the future. While focused on Europe, Andrew has responsibilities for global initiatives as the Division seeks to harmonise evolving rules for FX across jurisdictions. Previously, Andrew was an Executive Director at Morgan Stanley where he worked for seven years - initially as European Head of FX and Cash Fixed Income. Andrew co-chaired the GFXD Operations Committee, and was an active member of the Bank of England Operations Committee. After leaving this role, Andrew ran the Global Emerging Markets Rates and Credit groups before moving to be the Global COO for Derivative Operations. Prior to Morgan Stanley, Andrew worked at Goldman Sachs for nine years within its Foreign Exchange group.

April Day

Managing Director, Head of Equities

+44 (0)20 3828 2682

April Day is Managing Director, Head of Equities Capital Markets. With a strong background in investment banking, her previous roles have included Director of Equity Sales for both Dresdner Kleinwort and Panmure Gordon. April holds a Legal Practice Certificate from the Oxford Institute of Legal Practice and an LLB (Hons) in Business Law.

Constance Usherwood

Director Prudential

+44 (0)20 3828 2719

Constance is part of the Prudential team and works across a number of areas including risk weighted assets, non-performing loans, cross border aspects of CRDV and green finance. She also works on preparations for CRDVI/CRR3 and the prudential aspects of cross-cutting issues such as Capital Markets Union and Banking Union. Constance joined AFME from HSBC, where she was Prudential and Trade Policy Manager with responsibilities, amongst other things, for assessing upcoming international regulatory standards, and assisting in formulating and advocating policy positions with high-level policy makers and European legislators. Prior to that, Constance worked as a Policy Expert at the EBA on promoting supervisory convergence in relation to CRR. Constance started her career in the European Parliament where she was Policy Advisor to UK MEP Sharon Bowles for three and a half years. Alongside managing the Brussels office, she had a broad range of responsibilities, including the drafting and negotiation of amendments to a wide range of post-crisis financial services legislation. She has a BA Hons in Modern Languages from Pembroke College Oxford and is a German speaker.

David Ostojitsch

Director, Technology and Operations

+44 (0)20 3828 2761

David Ostojitsch is the Director of the Technology and Operations Division at AFME, having joined the association in June 2017. In this role, David brings together members to engage on matters of policy, advocacy and thought leadership, focused on three priority areas: Cyber Security, FinTech and Emerging Technologies, and Industry Utilities. Before joining AFME, David was a Senior Manager at PricewaterhouseCoopers, specialising in IT Strategy and Technology Transformation in capital markets, investment management and insurance. During this time, David spent five years working in the Asia-Pacific financial services industry leading engagements in Australia, Singapore and Hong Kong. Prior to management consulting, David worked in both the UK retail banking and IT outsourcing sectors.

Gary Simmons

Managing Director

+44 (0)20 3828 2723

Gary Simmons is the Managing Director of the AFME High Yield division, for which he leads AFME’s efforts to lower costs and increase efficiency in the execution of high-yield transactions, and lobbies for the reform of corporate insolvency laws. He also heads the AFME Prime Services division, which monitors business, legal and regulatory issues affecting the prime brokerage industry, and provides advocacy for member positions. Gary is a New York-qualified lawyer and was previously a senior associate at Cleary, Gottlieb, Steen & Hamilton. After an initial period in New York, Gary spent several years in London, gaining extensive experience in cross border and emerging markets debt transactions, particularly high-yield bond issuances and leveraged loans. Gary has a Juris Doctor from Rutgers University School of Law (with honors) and a Bachelor of Arts (with highest honors) from Rutgers University. Following law school, he was a law clerk to the Honorable William H. Walls of the United States Federal District Court, District of New Jersey.

Jacqueline Mills

Managing Director

+44 (0)20 3828 2710

Jacqueline is head of our Frankfurt office where she is responsible for developing AFME’s relationships with key prudential supervisors and policy makers, with a particular focus on the ECB. She is also responsible for AFME’s Supervisory Committee which focuses on ECB SSM supervision and supervisory convergence in the EU. Jacqueline is a member of our prudential regulation team and leads work on prudential issues with EU cross-border or supervisory implications (such as waivers, IPU, etc.) Prior to joining AFME she was Head of Asset Finance Policy and Research at Leaseurope, the European Leasing Federation in Brussels, and was an assistant lecturer in Finance at the Université Libre de Bruxelles. She has a Masters in Finance & Accounting as well as a DEA (1st year PhD) from the Solvay Brussels School of Economics and Management.

Jouni Aaltonen

Managing Director

+44 (0)20 3828 2671

Jouni Aaltonen is Managing Director in the Prudential Regulation Division. His main focus is on the structural reform of the European banking sector, but he is also involved in prudential matters relating to shadow banking regulation and the capital and liquidity standards arising from Basel III. Jouni began his banking career in product management and financial advisory and has held various roles at Citi, RBC Dexia and JP Morgan. Jouni’s main focus has been on balance sheet efficiency, liquidity and product strategies. He has also been involved with projects including new business initiative approvals, legal entity simplification and Basel III and FSA liquidity. Jouni holds a Masters degree in International Business Administration.

Julian Allen-Ellis


+44 (0)20 3 828 2690

Julian leads the cross-product MiFID/MiFIR Steering Committee at AFME. Julian has a broad product background in both fixed income and equities. Before joining AFME, Julian worked for Market Axess/TRAX in a senior sales and relationship management role responsible for market participants utilizing MiFID/MiFIR regulatory reporting and trade matching services. Prior to that, he was in senior relationship management in the prime services teams at JP Morgan and Bank of America Merrill Lynch, and prior to that as Head of Membership at the London Stock Exchange. Julian read Economics at The University of Reading and has an MBA from Henley Business School.

Julio Suarez


+44 (0)20 3828 2726

Julio Suarez is AFME’s Research Director and leads on the production of AFME’s quarterly data reports on European capital markets and the annual Capital Markets Union (CMU) Key Performance Indicators report. He has also written several key analytical reports including on Insolvency Reform and Capital Markets in Central and Eastern Europe. More broadly, he is also engaged in AFME’s work on Non-Performing Loans (NPLs) and CMU matters. Prior to joining AFME, Julio was Senior Economist at BBVA, leading macroeconomic and financial sector analysis. Julio has a BSc in Economics, BEng in Industrial Engineering and a MSc in Economics from Los Andes University in Colombia as well as a Master in Public Policy from the University of Chicago.

Louise Rodger


+44 (0)203828 2742

Louise Rodger is responsible for the running of AFME’s Compliance Committee and associated working groups. Louise joined AFME in July 2017, as Director, Compliance. Previously, Louise spent six years at the Financial Conduct Authority, most recently engaged in their implementation of the Markets in Financial Instruments Directive II. Louise has also worked in legal and regulatory policy roles at the Electoral Commission, the Crown Prosecution Service and Ofcom. Louise has a BA in English & History from Greenwich University.

Mark Bearman


+44 (0)20 3828 2675

Mark Bearman is a director in the Prudential Regulation Division. His main focus is in relation to regulatory capital and liquidity standards arising from Basel III/CRD4 and from developments to the wider prudential framework. Mark has degrees in Economics and Financial Services and is an Associate of the Chartered Institute of Bankers. Prior to joining AFME in January 2011, Mark was a Manager in KPMG's Risk and Regulatory Practice. He worked primarily on Basel II proposition and its implementation, which included the provision of analysis of the post Basel II environment and its implications, the design and completion of ICAAP documents, and leading work on assessing the effectiveness of Basel II implementation. In his later years with KPMG, Mark's work expanded to include also engagements on liquidity and the preparation of ILAA documents. Before joining KPMG, Mark worked for several years in banking supervision at the Financial Services Authority where he was primarily responsible for the risk assessment and supervision of wholesale banking groups.

Oliver Moullin

Managing Director, Brexit and Head of Recovery and Resolution

+44 (0)20 3828 2712

Oliver Moullin is Managing Director, Brexit and Head of Recovery and Resolution. He is also AFME’s General Counsel and Company Secretary. Oliver joined AFME in 2012 and leads AFME’s work on Brexit and Recovery and Resolution policy. He also advises on legal and governance matters. Prior to joining AFME, Oliver was a Senior Associate at the law firm Hogan Lovells, where he advised on restructurings and insolvencies of large companies and financial institutions crisis, including Lehman Brothers, MF Global, the Icelandic banks and Irish banks. He also spent a period on secondment to Barclays’ legal team. Oliver has a law degree from the University of Bristol.

Pablo Portugal

Managing Director, Advocacy

+32 (0)2 788 3974

Pablo is Managing Director in AFME’s Advocacy Division. His main focus is analysis and engagement across Europe on securities markets and banking regulation, having led AFME’s advocacy work in various regulatory debates and cross-cutting projects. Pablo is responsible for AFME’s Capital Markets Union Steering Committee and is a Member of the Board of the European Capital Markets Institute. Prior to joining AFME, he was engaged with the Institute of Chartered Accountants in England and Wales, where he worked on financial reporting, auditing and financial sector issues. His experience includes roles in European organisations and the United Nations. Born in Peru, he holds a BSc Econ (first class) from the University of Wales, Aberystwyth, and a Masters Degree (with distinction) from the London School of Economics.

Pedro Pinto


+32 (0)2 788 3973

Pedro Pinto is Director for Advocacy at AFME's Brussels Office. Pedro has more than 12 years’ experience working in the financial services industry. Prior to his current position he worked at NYSE Euronext where he headed the Legal and Regulatory department in Lisbon for 6 years. Mr. Pinto held these responsibilities in conjunction with his position as Chief Compliance Officer for the NYSE Euronext Lisbon market. From 2002 to 2005, he was a Senior Legal and Regulatory Counsel at Euronext and Euronext Lisbon Corporate Secretary. Prior to that, Pedro was the Portuguese representative at the Federation of European Stock Exchanges’ Working Committee and Senior Counsel at the former Lisbon and Porto Exchanges. Pedro started his career as a Lawyer in a Portuguese law firm alongside tenure as a lecturer in economics at the Law School of the University of Lisbon. Mr. Pinto is a lawyer by training with a degree in law and post graduated studies in Securities Law from the Law School of the University of Lisbon and executive management studies at the INSEAD and at the Vlerick Leuven Gent Management School.

Richard Hopkin

Managing Director, Head of Fixed Income

+44 (0)20 3828 2698

Richard Hopkin is Head of Fixed Income and a managing director in the Securitisation Division. He joined AFME in June 2010 after a 25 year career in the law and finance during which he held leadership positions at J.P. Morgan, Deutsche Bank and Société Générale. He has originated, structured and distributed securitisations funding the real economy through a wide variety of asset classes including mortgages, credit cards, auto, consumer and SME loans, from across Europe, Australia and the US. Born and brought up in Wales, Richard read law at Cambridge University and qualified as a solicitor with leading international law firm Clifford Chance.

Richard Middleton

Managing Director, Head of Policy Division

+44 (0)20 3828 2709

Richard Middleton is Managing Director and Head of AFME’s Policy Division, which focuses on Compliance and other regulatory topics such as Sustainable Finance and Financial Reporting. The Compliance team covers Wholesale Conduct Regulation and Supervision, in particular conduct and culture, individual accountability, SMCR, whistleblowing, remuneration, codes of conduct, markets regulation (MiFID, MiFIR, MAR, AML), transition to risk free rates, competition law compliance, data, scope and evolution of the compliance function. Richard has experience from the academic world, consulting, and industry. He began his career at Oxford University, teaching mathematics and working in a research team on pattern recognition. From there he joined EY’s Financial Services practice, where his clients included global investment banks and securities firms. Richard then moved into industry, first to Bear Stearns where he was Senior Managing Director, and later to GE. Richard joined AFME in 2010

Sahir Akbar is a director in the Prudential regulation division. His main focus is capital and counterparty credit risk, as well as being primary contact for accounting issues, working closely with AFME’s Accounting division. He began his career as an auditor in the financial services audit division of KPMG, qualifying as a Chartered Accountant before moving into banking supervision at the Financial Services Authority (FSA). At the FSA and its successor, the Prudential Regulation Authority, he supervised a number of Category 1 wholesale and investment banks in the International Banks division and qualified as a CFA charter holder before managing the supervision of a portfolio of UK banks.

Stefano Mazzocchi

Managing Director

+32 (0) 2 788 3972

Stefano Mazzocchi is Managing Director for Advocacy at AFME's Brussels Office. Stefano has spent two years (2010-2011) as a Policy Advisor in the Regulatory Affairs Department at the Institute of International Finance in Washington DC. Prior to his work at the IIF, for six years Stefano Mazzocchi has worked for Intesa Sanpaolo's International Regulatory and Antitrust Affairs office as a Regulatory Advisor. Stefano spent five years at the European Parliament (1999-2004) as an Economic Advisor in the Economic and Monetary Affairs Committee. In recent years he has also been a regular contributor for a number of Italian newspapers on key political and regulatory developments in the EU. Mr. Mazzocchi is an economist by training. He has a degree in Economics from the Università Politecnica delle Marche and a Master in Finance from Solvay Business School - Université Libre de Bruxelles.

Stephen Burton

Managing Director

+44 (0)20 3828 2678

Stephen Burton joined AFME in January 2011 and is Managing Director of the Post Trade division, with particular responsibility for matters related to clearing, settlement and custody. Previously, Stephen was responsible for implementation of equity business strategy in the post trade arena at Deutsche Bank. Prior to that, he spent 10 years at Citi working with Operational groups to deliver pan-European market initiatives and represented the company at various market infrastructure user groups. Prior to joining AFME, Stephen was an active member of the clearing and settlement committees concentrating on post-trade cost reduction and safety.

Victoria Webster


+44 (0)20 3828 2689

Victoria is AFME’s Director of Fixed Income, having joined the association in November 2015. She is responsible for the AFME Primary Dealers, Credit and Covered Bond Boards, focusing on developments in regulation, policy and market structure. Victoria has more than 19 years of fixed income experience in banking, vendor sales, broking and market making. Prior to joining AFME, Victoria worked at Barclays Investment Bank in a role focused on fixed income electronic trading.

Will Dennis

Managing Director, Co-Head of Policy Division

+44 (0)20 3828 2683

Will Dennis is co-head of Policy at AFME. His main focus is monitoring, analysing and responding to regulatory developments in the fields of data, compliance, financial crime, tax and accounting at the national, EU and global level. Before joining AFME, Will was head of international compliance at Standard Bank, prior to which he worked at a number of international investment banks as general counsel and/or head of compliance. Will spent his early career with HM Diplomatic Service, serving in London, Beijing and Hong Kong. He holds an MA and LLM from the University of Cambridge, and is qualified as a solicitor in both the UK and Hong Kong. Will is a board member of the Joint Money Laundering Steering Group and a member of the consultative working group for ESMA's Investor Protection and Intermediaries Standing Committee.