Waller, who previously served as director of comms for fellow hedge fund GLG Partners before its acquisition by Man, will assume his role at the trade body for the European investment banking industry in November.
The AFME is led by CEO Simon Lewis, former Vodafone comms director and spokesman for then-prime minister Gordon Brown. Lewis commented: "David’s extensive experience of financial markets and international media will help us as we communicate our messages about the important role that the European capital markets play in the growth and financing of the wider economy."
Waller joined GLG Partners after two years with City agency Maitland.
Previously he was group head of external relations at insurance giant Allianz Group and has held senior comms posts at investment banks JP Morgan and Dresdner Kleinwort. Before this he spent eight years as a journalist at the Financial Times and has published two historical biographies.
"The organisation plays a vital role in communicating the benefits of financial markets," Waller commented. "To be at the heart of this is a truly fascinating professional challenge."
Deborah Botwood Smith, who has been director of external relations on an interim basis since March, is to take up a new role at AFME as director of marketing.
Previously the external relations post had been held on an interim basis by former FT editor and BP and Lehman Brothers comms head Andrew Gowers, who left to take a role at commodities firm Trafigura in March.