New leader for UK banking lobby

The head of government relations for Morgan Stanley is to take over as head of the British Bankers' Association.

Anthony Browne will take up his appointment as chief executive of the BBA on 1 September this year, succeeding Angela Knight.

Knight, who was known as a bold defender of the banks throughout the financial crisis, is stepping down to join Energy UK, which lobbys on behalf the energy industry.

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Browne, a former journalist with the the Times, Observer and BBC, went on to become Mayoral Policy Director for Economic Development for Boris Johnson, responsible for economic and business policy for London.

He helped set up, and is on the board of theCityUK, another body promoting the interested of UK financial services.

BBA chairman Marcus Agius said it was a time of change and reform for the banking industry and the lobbyist brought with him "a range of skills and experiences to lead the organisation in facing the challenges arising".

"He has a tough act to follow but I am sure he will be a highly effective voice for the industry," Agius said.

Browne said UK banks needed to continue to lead on reform, ensuring the banking sector met the needs and expectations of our customers and shareholders, and can play its pivotal role in returning the UK to economic growth.

"In a time of change and uncertainty, the BBA has a critically important mission to ensure the banking sector returns to health, remains in Britain, and has the trust of the public and politicians," he said.