Image:
Andy Bell will remain on the board as a non-executive deputy chair
Investment platform AJ Bell has announced its co-founder and CEO, Andy Bell, will step down on 1 October.
He will be replaced by Michael Summersgill, who has been with the firm since 2007 and is currently deputy CEO and chief financial officer. Summersgill has held the CFO role since 2011 and will be succeeded by Peter Birch on 1 July. Bell will remain on the board as a non-executive deputy chair, where he will continue to be "actively involved in evaluating future market developments and opportunities" along with "campaigning for fairness and simplicity for UK retail investors and financial advisers". Helena Morrissey, chair of the firm, said Bell would "remain an important member of ...
To continue reading this article...
Join Investment Week
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
