AJ Bell PLC Board Changes (9588I)
August 18 2021 - 2:00AM
UK Regulatory
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RNS Number : 9588I
AJ Bell PLC
18 August 2021
AJ Bell plc
Board changes
AJ Bell plc ("AJ Bell" or "Company"), one of the UK's largest
investment platforms, is pleased to announce the following changes
to its Board to support the Company's future growth ambitions.
Michael Summersgill has been appointed to the newly created role
of Deputy Chief Executive Officer with effect from 1 October 2021.
Michael has held the position of Chief Financial Officer since 2011
and is currently responsible for the Company's finance and
operations functions. In his new role, Michael will support Chief
Executive Officer Andy Bell with the development and execution of
the Company's strategy to drive the future growth of AJ Bell's
platform propositions.
In addition, Roger Stott has been appointed to the newly created
role of Chief Operating Officer and will join the Board on 1
October 2021. Roger is currently Group Finance Director and has had
a broad range of responsibilities in his thirteen years at AJ Bell.
In his new role Roger will assume responsibility for the Company's
operational functions, ensuring the business remains scalable and
continues to deliver a great service to customers and advisers as
AJ Bell continues to grow.
As a result of these changes, AJ Bell is currently conducting an
external search for a new Chief Financial Officer to join the
Board. A further announcement will be made when this appointment
has been made.
Margaret Hassall has been appointed as a Non-executive Director
and will join the Board on 1 September 2021. Margaret has a broad
range of experience developed across a range of different industry
sectors. Margaret has recently stepped down as a Non-executive
Director of Nucleus Financial Group plc, where she chaired the
Remuneration Committee, and was a Non-executive Director of
OneSavings Bank plc until May 2020. During her executive career,
Margaret worked as a consultant for Deloitte for 7 years, led the
financial services consulting business for Charteris and previously
held roles within some of the world's largest banks.
Les Platts, Chair of AJ Bell, comments:
" These changes will further strengthen the Board, both at
executive and non-executive level, as the business embarks on the
next phase of its long-term growth. The changes, together with the
planned recruitment of a new Chief Financial Officer, will bring
greater experience and diversity to the Board. This will benefit
all of our stakeholders and enable the Board to continue to
maintain effective oversight as the business continues to
grow."
Andy Bell, Chief Executive of AJ Bell, comments:
"Our business is growing quickly and there are exciting
opportunities to take advantage of in the investment platform
market. It is important that we have the resources and expertise
within the business to support this growth and that includes the
Board. I am as enthusiastic as I have ever been about the prospects
for the business and I am looking forward to working with Michael,
Roger, Margaret and the rest of the team as we embark on our next
phase of growth."
There is no other information regarding the above appointments
to be disclosed under paragraph 9.6.13R of the Listing Rules.
Contacts:
AJ Bell
-- Shaun Yates, Head of Investor Relations +44 (0) 7522 235
898
-- Charlie Musson, Head of PR +44 (0) 7834 499 554
About AJ Bell:
Established in 1995, AJ Bell is one of the largest investment
platforms in the UK.
We operate in both the advised and direct-to-consumer segments
of the platform market and our flagship platform propositions are
AJ Bell Investcentre (adviser) and AJ Bell Youinvest
(direct-to-consumer).
We offer SIPPs, ISAs and General Investment / Dealing Accounts
which provide access to a broad investment range including shares
and other instruments traded on the major stock exchanges around
the world, as well as all mainstream collective investments
available in the UK and our own range of AJ Bell funds. We also
offer a Cash savings hub which provides access to a range of
competitive savings accounts to help people manage their cash
savings.
We aim to make it easy for our customers to save and invest by
providing them with online tools and information to help them build
and manage their portfolios.
AJ Bell is headquartered in Manchester, UK.
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