The Edrich restaurant, which will open as part of the stadium's £52m Compton and Edrich stands redevelopment, is due for completion in the spring and will operate on major international match days from 2021.
Banks, who with his family runs Michelin-starred The Black Swan at Oldstead and the more informal Roots restaurant in York, is set to oversee the 'contemporary' menu that will 'boast the best of British flavours'.
“I’m incredibly honoured to head up the new restaurant of such an exciting development at the iconic ground," says Banks, who cooked at a Lord’s Dining Club event at the stadium last year.
"Food is a huge part of a day at the cricket; after all, this is the only sport that still pauses for lunch and tea, which is why it’s so important to create the highest quality dining experience.
"I can’t wait to get started on producing a cutting edge menu to match the contemporary new stands.”
The Edrich restaurant will be available to Debenture-Seat Holders of the Compton and Edrich stands.
“We have been eager to work with Tommy again since his outstanding evening at Lord’s Dining Club, and with his love of cricket and his world-class dining reputation, it’s the perfect partnership," says Andy Muggleton, MCC's assistant secretary (commercial).
"His innovative dishes are an ideal fit for the state-of-the-art new stands, and together they will deliver the ultimate experience for our guests on major international match days at the home of cricket.”