Martin Cooper, senior vice-president of operations at Firstsource, has been appointed as chair of the Asset Based Finance Association (ABFA).

Cooper succeeds Peter Ewen, managing director of ABN AMRO commercial Finance, who was the ABFA’s chair for a year.

Prior to joining Firstsource, Cooper spent more than 25 years at Lloyds Bank commercial finance, most latterly as finance director. As a member of the Lloyds Group’s board of commercial finance, he was responsible for developing finance solutions for major corporates across Europe and the USA, and expanding the business beyond its SME core.

The ABFA also appointed Tracy Ewen as vice-chair, who is managing director of IGF Invoice Finance. Ewen previously held senior roles at International Factors, GMAC and Bibby Factors.