Browne will take up his appointment on September 1 2012.
Browne is currently head of government relations for Morgan Stanley for Europe, Middle East and Africa.
He was previously Mayoral policy director for economic development for Boris Johnson, responsible for economic and business policy for London, and on the boards of the London Development Agency and the London Skills and Employment Board.
He also helped set up, and is on the board of theCityUK, the promotional body for UK financial services. He was director of the think tank Policy Exchange and prior to that was a journalist for nearly twenty years for the Times, the Observer and the BBC.
Browne says: “It will be an honour to lead the BBA, helping to resolve the complex issues still surrounding banking five years after the start of the financial crisis.
“We need to continue to lead on reform, ensuring the banking sector meets the needs and expectations of our customers and shareholders, and can play its pivotal role in returning the UK to economic growth. In a time of change and uncertainty, the BBA has a critically important mission to ensure the banking sector returns to health, remains in Britain, and has the trust of the public and politicians.”