Anthony T. Cluff on Monday said he will retire as executive director of the Bankers Roundtable.

Mr. Cluff, 58, said he decided to retire early to spend more time with his family - particularly his four grandchildren living in California and Utah - and teach, write a book on economics, or work as a consultant.

"It is a personal decision and a change of lifestyle I am looking for," said Mr. Cluff, who since 1980 has led the Roundtable and a predecessor trade group, the Association of Reserve City Bankers.

"I have been doing it for a long time," he said. "It will feel strange. I have agonized" over the decision.

"I have thoroughly enjoyed this job."

The search for Mr. Cluff's successor will start after the Roundtable's annual meeting in Phoenix in early April. The search team will try to make recommendations at the group's annual legislative conference in Washington in September, Mr. Cluff said. He will continue running the Roundtable until his successor is established, which he predicted would be by next spring at the latest.

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