Martin Slumbers will succeed Peter Dawson as the R&A's chief executive, and the secretary of the Royal and Ancient Golf Club of St Andrews, effective October 2015, it was announced Wednesday.
Slumbers, 54, boasts a handicap of two and has spent the past 16 years with Deutsche Bank, where he has served as its Global Head of Global Business Services since 2007. He will join the R&A as chief executive designate in March, then will spend six months working alongside Dawson before taking the reins.
"The R&A is one of the most influential bodies in world sport, and I am delighted to be taking up this position," Slumbers said in a release. "Golf has always been close to my heart, and I am very much looking forward to living and working in St. Andrews.
Dawson has been the R&A's top executive since 1998, and he announced his retirement plans in April. He is expected to remain on the board of the International Golf Federation, where he has been president since 2010, through the Rio Olympics in 2016.
Slumbers will take over the top spot in the R&A in advance of the ban on anchored putters, a decision which will go into effect in January 2016. He'll also oversee the introduction of the female members at the Royal and Ancient Golf Club of St Andrews, which voted last month to allow women among its ranks for the first time in its 260-year history.