UK Finance has announced the appointment of David Postings as its new chief executive.

The banking body said its decision to appoint Postings has been made with the unanimous support of its Board, following a “rigorous” recruitment process.

Commenting on his appointment, Postings said: “I am pleased to be taking on this role at UK Finance at such an important time for the industry. The sector’s response to the COVID-19 pandemic has shown the vital role that finance must play in supporting consumers and businesses through this difficult economic situation.

“I am looking forward to working with members and colleagues to continue UK Finance’s commitment to building an even more customer-focused and innovative sector for the benefit of the UK economy as a whole.”

UK Finance executive chair, Bob Wigley, added: “[Postings] will bring wide and deep experience of our sector and crucially at this time, a real understanding of the vital role our members play in supporting SMEs and consumers across the UK.

“I look forward to working with David in his new role and continuing to develop UK Finance as a world class representative organisation that delivers both for our members and their customers.”

Wigley is to continue as the executive chair of UK Finance until Postings joins the body on 1 January 2021.

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