Bankers' association boss Angela Knight to leave
Monday 02 April 2012
The banking sector's chief advocate during a time of "extraordinary difficulty" for the industry is to step down after five years at the helm.
Angela Knight, 61, will leave her post as chief executive of the British Bankers' Association this summer after acting as a spokeswoman for the industry through a "crisis of a magnitude that few if any have seen before or expected".
The former Conservative MP, who took up the post on April 1 2007, represented the industry during the biggest run on a British bank - Northern Rock - the collapse of Lehman Brothers and the part-nationalisation of Lloyds Banking Group and Royal Bank of Scotland.
And Ms Knight has more recently been dealing with the ongoing bonus furore, fending off claims of unbridled excess and a fat cat culture in the City.
The University of Bristol graduate said: "The UK banking industry has already undergone radical restructuring to make it fit for the future and I am pleased to have played a part in this."
The chief executive will stay on while the search for her successor is completed, the BBA said.
She went on: "I have been at the British Bankers' Association at a time of extraordinary difficulty and during a crisis of a magnitude that few if any have seen before or expected.
"The BBA has played a strong part throughout this challenging period and has helped the industry it represents with the significant changes to regulation and legislation required."
She added: "I leave the BBA in good health and heart."
Prior to joining the BBA, the spokeswoman was chief executive of the Association of Private Client Investment Managers and Stockbrokers from September 1997 to December 2006.
She was a Conservative councillor and chief whip on Sheffield City Council from 1987 to 1992 and entered parliament in 1992 before serving as economic secretary to the Treasury between 1995 and 1997.
Ms Knight previously set up and ran a specialist contract heat treatment company treating precision engineering components - Cook & Knight Metallurgical Processors.
- 1 Kermit the Frog has a new girlfriend named Denise
- 2 The excuses your boss is most likely to believe when you call in sick
- 3 Moscow voted the world's unfriendliest city
- 4 I'm pansexual – here are the five biggest misconceptions about my sexuality
- 5 More than 11,000 Icelanders offer to house Syrian refugees to help European crisis
The one chart that shows how George Osborne is almost certainly going to be our next Prime Minister
The excuses your boss is most likely to believe when you call in sick
Three-year-old ultra-Orthodox Jewish children told 'the non-Jews' are 'evil' in worksheet produced by London school
Bono's group has made more money from Facebook investment than from all his music
Wikipedia rocked by 'rogue editors' blackmail scam targeting small businesses and celebrities
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
Tony Blair attacks Jeremy Corbyn's 'Alice In Wonderland' politics
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
Iain Duncan Smith 'should resign over disability benefit death figures', says Jeremy Corbyn
If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be
iJobs Money & Business
£14000 - £16000 per annum: Recruitment Genius: This company was established in...
£20000 - £25000 per annum + OTE 40k: SThree: SThree are a global FTSE 250 busi...
£20000 - £25000 per annum + competitive: SThree: SThree are a global FTSE 250 ...
£20000 - £25000 per annum: Recruitment Genius: We are a vibrant and establishe...