British Bankers’ Association chief executive Angela Knight is stepping down in the summer.
Knight, who has been in the role for five years, will stay until the BBA appoints a replacement.
She joined the BBA as chief executive in April 2007 from the Association of Private Client Managers and Stockbrokers, where she was chief executive. She was Treasury economic secretary in John Major’s Government between 1995 and 1997.
Knight says: “I have been at the BBA at a time of extraordinary difficulty. The BBA has played a strong part throughout this period and has helped the industry it represents with the changes to regulation required. The UK banking industry has undergone radical restructuring to make it fit for the future and I am pleased to have played a part in this.”
BBA chairman Marcus Agius says: “Angela has piloted the BBA with skill and determination and leaves the organisation well placed to respond to the challenges ahead.” IFA Keyte director Robin Keyte says: “It has been an awful time to lead a trade body and although sometimes she has appeared unsympathetic to consumers, she has always fought for the banks’ interests.”