Sir Nigel Wicks, chairman of Euroclear, is to be the new chairman of the British Bankers’ Association (BBA).
Wicks is the chairman of the board of directors of both Euroclear plc and Euroclear SA/NV and a non-executive director of the Edinburgh Investment Trust plc.
From 1989 to 2000, he was second permanent secretary and director of International Finance at HM Treasury. Before this, he spent periods as principal private secretary to prime minister Margaret Thatcher, economic minister at the British Embassy in Washington DC and as UK executive director at the World Bank and the IMF and as private secretary to prime ministers James Callaghan and Harold Wilson.
BBA chief executive Anthony Browne said: “Sir Nigel combines expertise in driving the strategy of an important financial company with comprehensive knowledge of policy-making in the UK, the EU and globally. He is highly respected in the City, Whitehall and Brussels.
“There is no one better qualified to help restore trust and confidence in banking at this critical time for the industry. I very much look forward to working with him.”
Wicks added: “I am honoured to have been asked to take on the role of BBA chairman. In this country and at this time, this vitally important industry is working to rebuild its reputation with its customers and to play its full part in restoring the UK’s financial stability and helping to drive its economic recovery. I am delighted to take on this challenge, and look forward to working with Anthony Browne and his team.”
