Banking lobby group UK Finance has named former Barclays executive David Postings its new chief executive, replacing its former leader after he was forced to step down over derogatory remarks he had previously made about a female financier.

Mr Postings, who was already a non-executive director of the trade body, will take the top role in January. After holding senior positions at Barclays in the 1990s, he joined Lloyds as managing director of its commercial bank. Most recently, he was chief executive of Bibby Financial Services, the UK’s largest independent factory company, until he stepped down last month.

His predecessor Stephen Jones resigned from UK Finance in June after inappropriate remarks he made about financier Amanda Staveley resurfaced in a legal case she brought against his former employer, Barclays. Mr Jones has apologised for his comments, which were made in 2008.

The change of leadership comes at an important time for the lobby group, which has led the financial industry’s response to the coronavirus pandemic and become its main negotiating body with the government and Treasury over the £58bn that has been lent via emergency support schemes.

UK Finance is also lobbying and advising the government on behalf of banks, asset managers and insurers in the final stages of the Brexit negotiations with the EU.

Mr Postings said in a statement: “The sector’s response to the Covid-19 pandemic has shown the vital role that finance must play in supporting consumers and businesses through this difficult economic situation.”

Bob Wigley, chairman of the lobby group who has taken on executive responsibilities in the interim, said: “David . . . will bring wide and deep experience of our sector and, crucially at this time, a real understanding of the vital role our members play in supporting SMEs and consumers.”

UK Finance was

Kate Danella, head of Strategic Planning and Consumer Bank Products and Origination Partnerships for Regions Bank, has been named one of the 25 Most Powerful Women to Watch in Banking and Finance by American Banker magazine. This is the second consecutive year that Danella has been recognized by the publication.

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Kate Danella, Regions Bank (Photo: Business Wire)

“No matter the challenge, Kate maintains an unwavering focus on putting people first through her dedication to our customers, associates and the communities we serve,” said John Turner, president and CEO of Regions Financial. “Throughout the COVID-19 pandemic, Kate and her team have continuously listened to our customers and reshaped our strategies and consumer products to address the urgent financial needs of individuals and families. I’m pleased that Kate has once again been recognized by the American Banker for her contributions to Regions and to the banking industry.”

The annual American Banker ranking recognizes the most influential female leaders in the banking industry, honoring their business acumen, professional achievements and personal tenacity. Honorees are featured in the October 2020 issue of American Banker magazine.

“For 18 years, this list has honored those who have achieved amazing things in the face of countless challenges — individuals who are bravely creating the change we need and driving the industry forward,” said Gemma Postlethwaite, CEO of Arizent, publisher of American Banker. “This year, our honorees have collectively succeeded in moving us forward despite unprecedented obstacles.”

The publication notes Danella’s leadership in expanding Regions’ focus on the unbanked and underbanked and her team’s efforts to introduce additional features and functionality throughout the bank’s deposit products and services to meet customer needs. Further, Kate and her team played a key role in the early days of the