Former managing director of Corporate Finance at the merchant bank, Broadbent, 46, will replace the outgoing chairman Dame Valerie Strachan on 1 February.
The announcement follows a four month search for a suitable candidate for the role, which requires the recommendation of Tony Blair and his chancellor, Gordon Brown.
Dame Strachan who will retire on 9 January, the day before her 60th birthday, has been in the role since March 1993.
She said: ‘Customs and Excise is a dynamic and vibrant organisation at the forefront of the Government’s programme to modernise the way the civil service works with the citizen.
‘I have enjoyed immensely working with highly professional and motivated staff during the nearly seven years that I have served as Chairman.’
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