TISA, the investments and savings membership association, has announced that Clive Shelton is to be its new chairman.
He will take over from Tony Solway who completes his term of office on 30th June 2016.
The appointment follows a rigorous recruitment process which attracted a number of high calibre candidates, TISA said.
Shelton said:"I already have first-hand experience of the exceptional work TISA does on behalf of our industry and TISA's unique role in aligning consumer, industry and government interests to the benefit of all.
"I'm therefore delighted to be asked to lead the Board as TISA enters the next phase in its development and particularly at a time when digital innovation is such an important part of the agenda.
"Tony Solway achieved much during his tenure and will be a hard act to follow. Fortunately for me he hands over an Association with a recognised identity, a focused mission and committed management team.
"The pace and scale of change in personal savings, retirement provision and new technology is only going to increase and so TISA's role at the heart of policy development and implementation is going to continue to grow in importance. TISA is well placed to meet this challenge and I look forward to working with the Board, Executive team and our members to ensure that we continue to deliver."
Solway said: "This year TISA celebrates its 25th anniversary, it's an understatement to say that our remit has grown significantly in that time. With our Savings and Investments Policy project we are now delivering thought leadership across many aspects of consumer's investment and savings needs and helping to shape Government thinking.
"Working in collaboration with the industry TISA has an enviable track record of delivering solutions to the technical implementation of new regulations, policies and products. At the same time we remain faithful to our ISA savings heritage and focus on good outcomes for the consumer.
"I have been privileged to have played my part over recent years and know that in Clive Shelton TISA has the right person to lead the Board in the future."
Currently TISA's Deputy Chairman, Shelton is a director of International Financial Data Services (UK) Limited (IFDS).
He is a fellow of the Chartered Institute for Securities and Investment (CISI), Chairman of the Examinations Board, a branch President and Trustee of the CISI, and has served on a number of industry bodies, working groups and committees. He is also a Non-Executive Director of Unicorn Training Group.
After 14 years at the Bank of England, Shelton joined the M&G Group in 1987, becoming Chief Registrar in 1992, and following the acquisition of M&G by the Prudential Plc, an Associate Director in 2000 and Director of Compliance in 2001. He joined IFDS in 2003.
Clive Shelton will become TISA Chairman on 1 July 2016.
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