Julian Mund, who has been PLSA commercial services director since joining three years ago, will replace Joanne Segars as chief executive on 1 August. She stepped down in April, having spent 12 years with the association.
The PLSA said Mr Mund had played a crucial role in increasing its income by 29%.
Before moving to the PLSA, Mr Mund spent 16 years with the Chartered Institute of Public Finance and Accountancy, where he worked as director of markets and product development. He has also spent time with the Department for Education as well.
In his new position, he will be supported by Graham Vidler (director of external affairs), Mark Cooke (director of finance and corporate services) and Edward Bogira (chief of staff).
Mr Mund said: “As CEO, I want us to champion and focus on the areas that matter most to our members, and help us to provide a strong foundation for people’s retirement income.
“The PLSA has a dedicated and extremely capable workforce, and I am really looking forward to us driving the organisation forwards.”
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Lesley Williams, current chair of the PLSA, said: “Having worked closely with Julian over the last few years, I am delighted to welcome him as chief executive of the PLSA.
“As an organisation that speaks about the importance of good governance, we considered who would be the most appropriate fit for the role as well as consulting our strong succession plans and Julian’s appointment is a result of those.
“He has successfully led the PLSA team during a very uncertain time, ensuring stability and the continuity of our work. I look forward to working closely with Julian to build on this success in the future.”
Ms Segars said: “I have enjoyed my time at the PLSA enormously, but after 12 years it is time to move on. I’ve been privileged to lead fantastic colleagues and members who work tirelessly to provide millions of people with better retirement incomes.”