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UK Finance represents around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation takes on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association. Please go to www.ukfinance.org.uk for wider content and updates from UK Finance.

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Paul Smee to become new CML director general

News

Published: 29 June 2011 | Author: Bernard Clarke

The CML has announced the appointment of Paul Smee as its incoming director general. He will take up his appointment on 1 August, in succession to Michael Coogan.

Paul Smee is well known and highly regarded in the financial services trade body sector, having been until earlier this year chief executive of the Payments Council. Prior to that, he was founding director of the Association of Independent Financial Advisers. He has also worked for the Independent Television Commission, the Association of British Insurers, the London Stock Exchange and the Department of Trade and Industry.

Meanwhile, the CML’s chairman, Colin Walsh, has decided it is the right time for him to leave the Lloyds Banking Group. At this stage, however, he remains with Lloyds and in post as CML chairman. 

Colin has agreed to stay with Lloyds for the next few months to support the transition to a new business model and the establishment and strategy development of Lloyds’ intermediary business. He will be overseeing an orderly transition for all of his responsibilities, including his role as CML chairman.

Commenting on the appointment of the new CML director general, Colin Walsh said: “I am delighted to confirm the appointment of Paul Smee. He brings with him a wealth of experience, and a successful track record in delivering for trade bodies and their members. I am sure that with Paul at the helm, the CML will continue to show strong, effective industry leadership.

"Let me pay tribute to Michael Coogan, who has steered the CML so capably since 1997, and who will undoubtedly be a hard act to follow."

Paul Smee said: "I will be seeking to build on the strong reputation that the CML has built up over many years on behalf of its members, in this vital part of the UK economy.  I am looking forward to taking up so important a role at such a crucial time."