Outgoing Aifa director general Paul Smee has ruled himself out of the running for the role of director general at the Association of British Insurers.
Smee announced in September that he will be stepping down from Aifa and joining the Association for Payment Clearing Services as chief executive in December.
He says he is committed to taking up his new role, silencing speculation he would apply for the position of director general at the ABI when Mary Francis steps down.
Francis leaves in March 2005 to focus on her non-executive roles. She is a non-executive director of Centrica, a member of the court of the Bank of England, a member of the Press Complaints Commission and a trustee of the Almeida Theatre.
Smee has been at Aifa since it was set up five years ago to replace the IFA Association. He worked at the ABI for two years from 1994 as head of life insurance.
He says: “I will not be applying for the position of director general at the ABI. I have got another job.”