Barclays group chief executive Jes Staley, Passion Capital partner Eileen Burbidge MBE and Aviva chief executive Amanda Blanc are among those that have been chosen to sit on advisory groups.
Miles Celic, chief executive officer of Square Mile lobby group TheCityUK, said “closer consultation with industry will help develop our national ambitions and priorities”.
“For financial and related professional services, a focus in those deals on enhancing liberalisation of trade in services will be key,” he said.
“It would also further strengthen the UK’s world-leading position as a global trading hub and premier international financial centre.”
Trade secretary Liz Truss said: “Talks with Japan, the US, Australia and New Zealand are entering their crucial latter stages, so it is only right that we step up engagement with vital industries to utilise their technical and strategic expertise.”
The formation of the new groups came under some criticism from the Trades Union Congress who derided Truss for not including workers’ voices.
TUC General Secretary Frances O’Grady said: “When ministers sit at the negotiating table to make trade deals, they must be properly briefed on the needs of Britain’s working people.”
It comes as European Commission executive vice president Valdis Dombrovskis warned last week that regulatory equivalence – which would give City firms access to the EU – could still take months to be granted.
Dombrovskis said EU member states have still not come to terms with their own regulatory changes for the financial services sector, meaning it could take some time to secure market access for the UK.
Financial services access after the end of the Brexit transition period on 31 December has not been a part of the UK-EU free trade deal talks as each country can decide unilaterally whether to allow access to the other’s financial services firms.