The Council of Mortgage Lenders has appointed Paul Smee as its new director general.
Smee, the founding director general of Aifa, will take up the position on August 1.
He has previously worked for the Independent Television Commission, the Association of British Insurers, the London Stock Exchange and the Department of Trade and Industry. Until earlier this year he was the chief executive of the Payments Council.
Current director general Michael Coogan announced he was stepping down from the role in February, after almost 15 years in the role.
CML chairman Colin Walsh says: “I am delighted to confirm the appointment of Paul Smee as CML director general. He brings with him a wealth of experience, and a successful track record in delivering for trade bodies and their members. I am sure that with Paul at the helm, the CML will continue to show strong, effective industry leadership.
“Let me also pay tribute to Michael Coogan, who has steered the CML so capably since 1997, and who will undoubtedly be a hard act to follow.”