Antonio Simoes, the CEO of HSBC in the UK, is to chair the British Financial Conduct Authority's Practitioner Panel from 1 August onwards. He has been a member of that panel for two years.

He will succeed Alison Brittain, the former group retail director at Lloyds Banking Group, who announced in May that she was leaving the financial services sector (and therefore the panel) to join Whitbread plc as group CEO.