Smee will take up the appointment on the 1st of August.
He was previously the chief executive of the Payments Council and, prior to that, the founding director general of the Association of Independent Financial Advisers. He also previously worked for the Independent Television Commision, the Association of British Insurers, the London Stock Exchange and the then Department of Trade and Industry.
Colin Walsh, chairman of the CML, said: “I am delighted to confirm the appointment of Paul Smee as CML director general. He brings with him a wealth of experience and a successful track record in delivering for trade bodies and their members. I am sure that with Paul at the helm, the CML will continue to show strong, effective industry leadership.
“Let me also pay tribute to Michael Coogan, who has steered the CML so capably since 1997 and who will undoubtedly be a hard act to follow.”
Smee said:"I will be seeking to build on the strong reputation that the CML has built up over many years on behalf of its members, in this vital part of the UK economy. I am looking forward to taking up so important a role at such a crucial time."
Andrea Rozario, director general of Safe Home Income Plans, said: "We would like to offer our congratulations to Paul Smee on his appointment as director general of the CML. Paul is currently chairing the SHIP formation committee and we are sure that he will bring the same enthusiasm, professionalism and in-depth knowledge he has shown in this role to his new post.
“Paul is committed, in conjunction with the formation committee, to drafting a blueprint for a broader representative body for the equity release industry prior to taking up his role at the CML. We look forward to receiving this and working with all relevant stakeholders to help the industry grow and develop in the future.”
