Influential City executives from both sides of the Brexit debate are coming together to launch a new body that aims to represent the financial industry's interests in the UK's exit from the European Union.

The Financial Services Negotiation Forum, which is being headed by a member of Vote Leave lobby group City for Britain and had provisionally been named City United, is in the process of appointing a board of up to 12 well-known names from across finance and regulation. It will launch in mid-September.