Fahmi is a recognised expert on financial services with a specific interest in the relationship between governance, risk management, accountability, remuneration and culture. He has 20 years’ experience in financial services, with the last 17 spent at APRA.
Fahmi was APRA’s Head of Governance, Culture & Remuneration until November 2017. He was responsible for establishing this unit and leading the development of APRA’s thinking, supervisory practices and industry engagement on these interrelated topics. In this role he was the architect of a number of major initiatives that will impact the financial services industry in the years ahead. He led the development of APRA’s first risk culture assessment methodology and initiated APRA’s seminal review of executive remuneration practices. Fahmi was a key contributor during APRA’s engagement with the Government on the remuneration and role responsibility elements of the Bank Executive Accountability Regime.
Between 2012 and 2014, Fahmi led the policy development team that created APRA’s risk management prudential standard CPS 220, as well as APRA’s conglomerate supervision framework. During his career at APRA, Fahmi was also responsible for leading teams that supervised major banking groups as well as general insurers, life insurers and super funds. He led numerous onsite reviews and authored risk assessments of a wide range of financial institutions.
At various times during his career at APRA, Fahmi was a member of the Financial Stability Board’s Working Group on Governance Frameworks and the International Association of Insurance Supervisor’s Insurance Groups Working Group. He has also assisted the International Monetary Fund on international missions as a Technical Expert on conglomerate supervision.