View more on these topics

Bank defender Knight quitting BBA

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.”

Recommended

Multi-manager View

After some emergency repairs, the developed world’s economic engine is running once more, although it is still far from firing on all cylinders and policymakers may yet have to break out the jump leads again. Fragile though the recovery is, the economic backdrop is still significantly more positive than only a few months ago, when […]

BlackRock hires emerging market debt team from BNP Paribas

BlackRock has appointed an emerging market debt team of seven managers from BNP Paribas Investment Partners, Money Marketing understands. It is understood that BNP Paribas’ Investment Partners chief investment officer of emerging market fixed income Sergio Trigo Paz will head up the new emerging market debt team at BlackRock in London. Paz oversaw the management […]

AFH Financial buys Arden in £924k deal

The Arden Court Group has been bought by listed adviser firm AFH Financial Group in a deal worth up to £924,000. AFH will pay £362,000 up front, £25,000 in shares. After two years up to £337,000 may also be payable depending on Arden’s performance. Loan notes worth £225,000 will be converted into shares 13 months […]

On the Reit track

Property experts say the Government’s upcoming consultation on changes to the tax treatment of real estate investment trusts could result in expansion of the Reit market. The Treasury’s Budget statement, published last week, says the Government will consult this year on changes to the tax treatment of income received by a Reit when it invests […]

Boosting our annuity strategies

Targeting annuity purchase in lifestyle strategies isn’t anything new but we’ve just lifted the bonnet and injected an enhancement shot into the end-point of these solutions. The recent volatility has shot short-term volatility into equity markets and painted a very turbulent backdrop but we’re also equally faced with a stressed fixed interest environment. This can […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment