HSBC head of lending Martijn Van der Heijden is to replace Lloyds Banking Group managing director of mortgages Colin Walsh as the new chairman of the Council of Mortgage Lenders.
In June, Walsh announced he would be leaving the bank and, therefore, his role at the trade body.
Van der Heijden, who has previously worked for both HBOS and Santander before joining HSBC in 2007, has been deputy chairman of the CML since January 2009 and will take up his new role on August 8.
He will be supported by two deputy chairmen, Paragon Group chief executive Nigel Terrington and LBG commercial director for mortgages Stephen Noakes.
In June, the trade body announced Paul Smee, who was the first director general of Aifa, as the person to replace former director general Michael Coogan.
Van der Heijden says: “Regulation – domestic and from Europe – will dominate the CML’s actions for the rest of the year and well into 2012. It is of the utmost importance that the UK gets the regulation right, as this will play a huge part in ensuring our industry helps the UK economic recovery and underpins a sustainable housing finance market.”