The appointment was announced at the opening of the BBA's annual international banking conference in London Wednesday.
BBA chief executive Anthony Browne said: 'Sir Nigel combines expertise in driving the strategy of an important financial company with comprehensive knowledge of policy-making in the UK, the EU and globally. He is highly respected in the City, Whitehall and Brussels. There is no one better qualified to help restore trust and confidence in banking at this critical time for the industry. I very much look forward to working with him'.
Sir Nigel Wicks said: 'I am honoured to have been asked to take on the role of BBA chairman. In this country and at this time, this vitally important industry is working to rebuild its reputation with its customers and to play its full part in restoring the UK's financial stability and helping to drive its economic recovery. I am delighted to take on this challenge, and look forward to working with Anthony Browne and his team'.