Fassam will lead the association on forming policy and engaging with the government on the UK’s forward relationship with the EU, and lead general ongoing policy sector needs. From April, the group’s director of regulation, Ian Cornwall, will move into a strategic advisory role supporting Fassam. On a path to retiring in October, Cornwall will continue reporting to the CEO answering industry queries and supporting senior policy advisors and other team members, the organisation said.

In more restructuring in May, deputy CEO John Barrass will also begin a strategic advisory role providing insights on Brexit planning and retail markets policies, among other industry concerns.

PIMFA CEO Liz Field, said: “We are very fortunate to have such expertise within the organisation and I am very pleased that both Ian and John have agreed to continue supporting us. This expertise is invaluable and I know appreciated by our members, stakeholders and the PIMFA team.”