Current CMCRC Board Members

The CMCRC Board (as at 1 July 2015) comprises a mix of seven independent, private sector and university representatives. The majority of directors comprising the Board are independent of research providers, no more than three represent university participants and the Chairman is independent.

Dr David Skellern AO, Chairman


Dr David Skellern worked in radioastronomy for 10 years and taught electronics at Sydney and Macquarie Universities for 16 years before coming to prominence in the IT industry through Radiata, which he co-founded in 1997.

Built on joint research carried out by Macquarie University and the CSIRO, the company demonstrated the world’s first chip-set implementation of the 54 Mbit/s IEEE 802.11a High-Speed WLAN standard. Radiata was sold to US giant Cisco Systems in 2001 for $565 million.

David joined the Board of National ICT Australia in 2003 and became its Chief Executive Officer (CEO) in 2005.

Dr Andreas Furche, Deputy Chairman


Andreas has been involved in the development of financial technology start-up companies for 20 years, in Australia, the USA, and Europe. As CEO of SMARTS, the globally leading market surveillance company, he led the development of the business, which was grown out of CMCRC and acquired by NASDAQOMX in 2010. He developed CMCRC's original commercialisation strategy in 2003, and was involved in the development of a number of other start-up businesses within CMCRC. This includes CMC-IS, Australia's leading provider of fraud and error detection in health insurance claims, of which Andreas is now Chairman.

Prior to his involvement with CMCRC, Andreas was a Partner in Electronic Trading Concepts, which was sold to Securenet in 2000. In the 1990s, he worked as a software developer and project manager on the development and deployment of expert systems. Andreas was also deeply involved in one of the most interesting commercial failures of the early Internet – the attempt to bring electronic cash into global circulation with DigiCash in the mid to late 1990s. Electronic cash remains a favourite topic of his.

Professor Christine Bennett AO


(as of October 2013)

Professor Bennett is an experienced company director and has held many Non-Executive Director roles for private and publicly listed companies, as well as government and charitable organisations.

 She currently sits on the boards of RetireAustralia; Capital Markets CRC; Lorica Health. Christine is also currently the Chair of Sydney Children’s Hospitals Network and the DHCRC Advisory Board. 

She is the former Chair of Research Australia – an alliance of over 170 member organisations promoting health and medical research in Australia and The Sydney Children’s Hospitals Network in NSW.

Professor Bennett was appointed to the role of Professor and Dean, School of Medicine, Sydney, The University of Notre Dame Australia in May 2011.  Prior to this appointment, Professor Bennett was the Chief Medical Officer for Bupa Australia Group.

She is a specialist paediatrician and has over 30 years of health industry experience in clinical care, strategic planning, business operations and senior management in the public, private and not-for-profit sectors.  Christine is also  a Fellow of the Royal Australasian College of Physicians and has an active commitment to and involvement in medical professional issues, social policy and medical research.

Professor Christine Bennett was awarded an Officer of the Order of Australia (AO) in the Australia Day 2014 Honours List.  The Award recognises Professor Bennett’s distinguished service to medicine and health care leadership, as a clinician, researcher and educator, particularly in the fields of child and family health, and social policy.

Peter Jessup

Industry Representative

Peter is an IT professional with more than 35 years’ experience in Financial Markets.

He heads Nasdaq’s Sydney office and has direct responsibility for the development and support organisation for Nasdaq’s surveillance, compliance, matching and risk management products located in Sydney. 

He has previously had roles with the New Zealand Stock Exchange, Tandem Computers and Computershare, and recently returned to Sydney after a 2½ posting to Nasdaq’s Stockholm office.

Dr Rob Lang


Rob is the CTO of OpenMarkets, a digital trading platform that provides retail investors, traders, advisers, robo-advisers, brokers and financial intermediaries with a suite of innovative brokerage services for trading on the Australian securities markets. Previously he was CEO of Auggd, a market leading startup in AR/VR products and services. 

From 2007-2013, Rob led the technology and software development for all SMARTS products as CTO, including managing the technology transition to Nasdaq when SMARTS was acquired in 2010.  From 2013 through 2016, Rob lead the SMARTS and TradeGuard businesses inside Nasdaq and was GM of the Nasdaq Australia office.  Prior to 2007, Rob spent 10 years in various technology management roles mostly in Silicon Valley, California, producing hardware products in the computer graphics and image processing industry, most notably for Silicon Graphics and Nvidia.

Rob received a PhD in Computer Engineering from Newcastle University in Australia in 1996 and he is an independent Board member of the Capital Markets Cooperative Research Centre (CMCRC).

Emeritus Professor Mary O’Kane AC

Emeritus Professor Mary O’Kane AC


Mary is NSW Chief Scientist and Scientific Engineer and is Executive Chairman of Mary O’Kane & Associates Pty Ltd, a Sydney-based company that advises governments, universities and the private sector on innovation, research, education and development.

Mary was Vice-Chancellor of the University of Adelaide from 1996-2001 and has served on many boards and committees in the public and private sectors, nationally and internationally.

Professor Stephen Taylor

Professor Stephen Taylor

University Representative

Stephen is Professor of Financial Accounting in the Business School at the University of Technology, Sydney (UTS), where he served as Associate Dean-Research from 2009-2015 and was the Chair of BARDsNet from 2012-2015. Immediately prior to joining UTS he was Professor of Accounting at the Australian School of Business, UNSW, where he also served as Acting Assoc Dean (Research) in 2005-2006.

He has a PhD from The University of New South Wales (UNSW) Australian Graduate School of Management (AGSM). He was first appointed to a Chair of Accounting at the University of Sydney in 1995, where he also served as Academic Director of the Accounting Foundation. Stephen has also been a Visiting Professor at the University of Michigan (Ross Business School) in 1993-94 and 1999-2000.

Stephen's teaching and research is in the area of financial statement analysis and valuation. He has wide experience teaching at both the undergraduate and MBA levels, especially in the areas of:

  • accounting-based valuation models
  • investment analysis
  • financial reporting

He has also been a presenter in many executive education courses. Stephen has also provided expert advice to a wide range of private and public sector organisations, including the role of expert witness. His research has been published in leading international accounting and finance journals, and he has received a number of large Australian Research Council (ARC) Grants (Discovery and Linkage).

Capital Markets CRC Limited,
Level 3, 55 Harrington Street, Sydney NSW 2000, Australia.
t. 61 (2) 8088 4200