Michael Cole-Fontayn, chairman of the Association of Financial Markets in Europe (AFME), has been appointed chairman of the Chartered Institute of Securities and Investment (CISI) from October.
Mr Cole-Fontayn, who spent 35 years at BNY Mellon, will replace Sir Alan Yarrow, who is retiring.
Mr Cole-Fontayn said: "I am extremely pleased to be working with the institute. I am a great admirer of the dedication and relentless commitment the Institute has devoted to the raising of standards of ethics and integrity across the profession, particularly in its role as pioneer in rolling out a programme of ethics workshops and tests for its global membership.
"I am looking forward to supporting the CISI in promoting professionalism globally, building on the work already achieved in the securities, investment, wealth and financial planning professions, and helping to encourage the next generation’s enthusiasm for a career in finance."
Simon Culhane, chief executive of the CISI, said: "We are delighted to have been able to attract a chairman of Michael's calibre.
"He is supremely well qualified and immensely respected. In addition, his membership of the European Financial Services Chairmen's Advisory Council (EFSCAC) is particularly welcome."
Alan Ramsay, FCSI(Hon), CISI deputy chairman and chairman of the nomination sub-committee, said: "Michael was the outstanding candidate from a strong field. We look forward to supporting him in helping us achieve our vision for the Institute, its members and global community."
