AJB Aj Bell Plc

TIDMAJB

RNS Number : 2960U

AJ Bell PLC

02 December 2021

2 December 2021

AJ Bell plc

Appointment of Chief Financial Officer

AJ Bell plc ("AJ Bell" or "Company"), one of the UK's largest investment platforms, is pleased to announce the appointment of Peter Birch, who, subject to FCA approval, will join the AJ Bell Board and Executive Management Board as Chief Financial Officer ("CFO") on 1 July 2022.

Peter has extensive knowledge of the UK financial services sector, including the investment platform market, and joins AJ Bell from Deloitte LLP ("Deloitte") where he is currently a financial services audit and assurance partner. Peter joined Deloitte in 1999 and qualified as a chartered accountant in 2002. He became a partner in 2011 and was the lead partner for Deloitte's financial services audit and assurance practice in the regions from 2017 to 2021. He has significant experience of leading the audits of large listed financial services organisations and has been the partner on Deloitte's assurance engagements with AJ Bell since 2015.

Peter will replace Michael Summersgill, who, as announced on 18 August 2021, was appointed to the position of Deputy Chief Executive Officer with effect from 1 October 2021. Michael will continue to undertake the duties of CFO until Peter joins the company on 1 July 2022.

Les Platts, Chair at AJ Bell, commented:

"Following a thorough recruitment process, we are delighted to welcome Peter to AJ Bell. His significant financial services experience, built up over many years, will make a valuable contribution to the Board."

Andy Bell, Chief Executive Officer at AJ Bell, commented:

" I look forward to working with Peter, who brings considerable industry experience from his long career in financial services audit and assurance at Deloitte. He is a strong addition to our team as we focus on achieving our long-term growth ambitions ."

Peter Birch commented:

" I have followed the progress of AJ Bell for many years and have always been impressed by its strong culture and customer focus which has enabled it to grow into one of the UK's leading investment platforms . It is an exciting time to join the business and I look forward to helping the company to deliver on its long-term growth strategy."

There is no other information required to be disclosed under paragraph 9.6.13R of the Listing Rules.

Contacts:

AJ Bell

-- Shaun Yates, Investor Relations Director +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, with offices in London and Bristol.

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