New integrated trade body to launch in summer

Industry News | 14/02/17

This new organisation aims to become an authoritative voice for the finance sector all around the UK, building on the expertise of its diverse membership.

Bob Wigley has been appointed as Chair of the new financial services trade association, the name and brand of which will be announced ahead of its launch in the summer of 2017.

The new trade body will integrate the remits, skills and capabilities of six trade associations: The Asset Based Finance Association, British Bankers’ Association, Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association.

As Chair of the new organisation, commencing the 1st March, Bob will oversee the appointment of the Chief Executive of the new body and the integration of the existing trade associations later in 2017.

Bob Wigley spent his banking career with Morgan Grenfell and Merrill Lynch and Between 2006 and 2009 was a member of the Court of the Bank of England. He is a past member of the Takeover Panel, the FSA’s Senior Practitioners Panel and was the FSA’s nominated representative on the Council of European Securities Regulators Market Consultation Panel>

Since leaving banking, he has chaired and invested in a number of Fintech companies. Bob was instrumental in the creation of TheCityUK and has been on its advisory board since its formation.

Bob said: “I am honoured to be taking on this key role at such a critical time for the industry.

“Financial services make a considerable contribution to the UK economy and currently face a challenging environment. I aim to build a strong and effective body capable of speaking for the industry with one voice and working constructively with consumers, regulators and stakeholders.

“This new organisation aims to become an authoritative voice for the finance sector all around the UK, building on the expertise of its diverse membership. I look forward to leading and overseeing the new organisation and to meeting the challenges and significant opportunities that lie ahead.”