ANGELA KNIGHT, former chief executive of the British Bankers' Association (BBA) and an ex-Treasury minister, has been appointed to the board of Arbuthnot Banking Group.

Knight will join as a non-executive director from September.

She was a Conservative MP from 1992 to 1997, serving as economic secretary to the Treasury from 1995 under John Major.

After her parliamentary career, Knight became CEO of the Association of Private Client Investment Managers and Stockbrokers before becoming CEO of the BBA, now UK Finance, in 2007.

Knight left the BBA in 2012 having defended the industry during the 2008 banking crisis.

Jayne Almond, current chair of Kensington Mortgages, and Lord Sassoon, who has extensive experience in both the banking sector and as a Treasury official, will also join as nonexecutive directors.

Arbuthnot is a boutique bank which dates back to 1833.

(c) 2023 City A.M., source Newspaper