Aifa chairman Lord David Hunt has announced he is stepping down from the trade body as the City law firm he is a senior partner with launches a financial consultancy.
Hunt's resignation from Aifa will be effective from its AGM later this year.
He says he has decided to do so to avoid any perception of conflict with the new consultancy which will focus on events in the regulatory arena.
The new venture from Beachcroft Wansbroughs, to be known as Beachcroft Wansbroughs Consulting, will be led by managing directors Richard Hobbs and Oliver Lodge.
Both Hobbs and Lodge are currently working at the FSA, the former as a consultant and Lodge in the Conduct of Business Standards division.
Prior to this, Hobbs was head of life and pensions at the ABI and is widely seen as an influential figure at the FSA.