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BBA chief Knight to join Energy UK

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Angela Knight, the outgoing chief executive of the British Bankers’ Association will take up the reigns at the trade body Energy UK when she steps down in July.

The BBA announced Knight would be stepping down last month and she had been tipped to become chair of the Financial Conduct Authority.

As head of the BBA during the height of the financial crisis, Knight took the FSA to court over how banks should compensate victims of misselling of payment protection insurance. Her time as chief executive of Energy UK is likely to be equally challenging with the Government and Labour putting pressure on the “big six” energy firms to change the way they deal with consumers.

Knight says: “Like financial services, energy plays a vital role in the social and economic fabric of our society and we need new and established companies in the sector to thrive and prosper in the UK’s competitive market, creating jobs and serving their customers well. I want to see Energy UK help deliver investor confidence in the UK and to work with the industry to improve its reputation.”

BBA chairman Marcus Agius says Knight displayed “extraordinary leadership in tough times”.

He says: “Angela has been instrumental in overseeing the BBA’s development as the key voice in the debate on the future of the banking sector and the industry is grateful for the leadership she has shown through these difficult times. I wish her all the best for the future.”

A replacement for Knight at the BBA has yet to be announced.

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