Angela Knight – who presided over arguably the most controversial period in UK banking history – will step down as chief executive of the British Bankers’ Association (BBA).
Knight – who has been at the trade body for five years – announced her intention to leave her role in the summer to give the BBA time to find a successor.
Her reign oversaw the government bailouts of leading high street banks Lloyds Banking Group and Royal Bank of Scotland (RBS), as well as the run on Northern Rock.
She said: “I have been at the BBA 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.
“I leave the BBA in good health and heart. It has a strong and forward looking team of excellent and committed individuals who will be as great a support for my successor as they have been to me.”
BBA chairman Marcus Agius added: “She has piloted the BBA – and the industry – with skill and determination through turbulent times and leaves the organisation strengthened and well placed to respond to the challenges ahead.
“Angela has been instrumental in overseeing the BBA’s development as the key voice in the debate on the future of the banking sector and the industry is grateful for the leadership she has shown through these difficult times.”