The Deposit Protection Service (The DPS) has appointed Julian Foster as its new managing director.

Foster is an existing employee of The DPS’s parent company Computershare. The move follows outgoing managing director of The DPS, Kevin Firth’s appointment as Computershare’s managing director of registry services.

Foster said: “I’m delighted to be joining The DPS, which plays such a vital and effective role in the lives of landlords and tenants.

“Kevin was at the forefront of the development of the government’s deposit protection strategy from 2005, and under his leadership The DPS has become both the largest deposit protection service in the UK and the leading voice within the industry.

“I’m looking forward to getting out and about with Kevin, meeting clients and attending some of our events.”

Firth said: “Julian brings substantial business management and operational experiences and his expertise around customer service initiatives will be invaluable for The DPS.

“Under Julian’s leadership, The DPS team is in a commanding position to continue to play a leading role in the property industry and provide secure, efficient and reliable services to landlords, letting agents and tenants alike.”