UK Finance will launch this summer bringing together six member organisations in finance and banking in the UK.
The trade body will integrate the remits, skills and capabilities of six trade associations: The Asset Based Finance Association (ABFA), British Bankers’ Association (BBA), Council of Mortgage Lenders (CML), Financial Fraud Action UK (FFA UK), Payments UK and the UK Cards Association (UKCA).
The name was a unanimous decision by the interim main board.
Last month Bob Wigley was announced as the chairman of UK Finance, commencing his role on the 1 March.
Wigley will oversee the appointment of the chief executive of the new body and the integration of the existing trade associations.
The new trade body has been almost 18 months in the making.