Joe Garner has been appointed chairman of the Financial Services Practitioner Panel, with effect from 1 June 2012.

Garner is head of the UK bank and deputy chief executive, HSBC Bank plc, with responsibility for HSBC’s retail and commercial banking business in the UK.

He will succeed Russell Collins who is retiring from Deloitte at the end of May.

“A safer and trusted financial services industry is vital,” said Garner. “I am delighted to get the opportunity to play a role in shaping the regulatory decision process which could benefit consumers and regulated firms for a generation.”

FSA chairman, Adair Turner, said: “This is a period of great change to the UK’s regulatory framework and the involvement of senior practitioners adds great value. I am pleased Joe has agreed to take on this important role and would like to extend my thanks to Russell Collins for his time as chairman.”