The Council of Mortgage Lenders has appointed Paul Smee as its new director-general, replacing Michael Coogan who will leave on July 29.
Smee is the former chief executive of the Payments Council and founding director-general of the Association of Independent Financial Advisers.
Outgoing CML chairman Colin Walsh says: “I am sure that with Paul at the helm, the CML will continue to show strong in dustry leadership.
“Let me also pay tribute to Michael, who has steered the CML so capably since 1997. He will be a hard act to follow.”
Smee was also appointed to head a formation committee for Safe Home Income Plans at the beginning of the month, a role he will perform alongside his CML work.