Fosberry, who served as vice-president in 2009, will take the reigns from current president Paul Lothian at this month’s AGM.
He has worked at Smith & Williamson since 1982, where he developed the financial services business. Prior to that Fosberry worked for Chesham Hill, Abbey Life and The National Mutual of Australasia.
Zurich Intermediary Group chartered financial planner Edward Grant has been appointed PFS vice president.
PFS past presidents Robert Reid and Carole Nicholls will both step down from the board at the AGM.
Lothian says: “Both have given selflessly of their time and gifts to PFS and I feel honoured to have served with them.”