By Simon Miller

Angela Knight is stepping down as head of the British Bankers' Association (BBA) in the summer.

The former Treasury minister has been at the BBA for five years and took on the role just as the financial crisis hit.

Knight commented: “I have been at the British Bankers’ Association at a time of extraordinary difficulty and during a crisis of a magnitude that few if any have seen before or expected.

"The BBA has played a strong part throughout this challenging period and has helped the industry it represents with the significant changes to regulation and legislation required. The UK banking industry has already undergone radical restructuring to make it fit for the future and I am pleased to have played a part in this."

Marcus Agius, chairman of the BBA, said: “Angela has been instrumental in overseeing the BBA’s development as the key voice in the debate on the future of the banking sector and the industry is grateful for the leadership she has shown through these difficult times. I wish her all the best for the future.”

Kinght will remain in the role while her successor is found.

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