AJ Bell PLC Appointment of Chair (0833X)
21 April 2023 - 8:30PM
UK Regulatory
TIDMAJB
RNS Number : 0833X
AJ Bell PLC
21 April 2023
21 April 2023
AJ Bell plc
Appointment of Chair
AJ Bell plc ("AJ Bell" or the "Company"), one of the UK's
largest investment platforms, is pleased to announce the
appointment of Fiona Clutterbuck as the non-executive Chair of the
Company with effect from 1 May 2023. The Board believes that Fiona
is the ideal person to lead the Board and help AJ Bell capitalise
on the growth opportunities that exist in the investment platform
market. Fiona will also join the Nomination Committee, as chair,
the Risk and Compliance Committee and Remuneration Committee, and
take on the role of the designated non-executive director for
engagement with the workforce.
Fiona was previously a non-executive director of Hargreaves
Lansdown plc, was the chair of Paragon Banking Group plc until
September 2022 and is currently a non-executive director of Sampo
plc and Co-operative Bank plc. Fiona is also the senior independent
director of M&G plc but intends to step down from that role at
the conclusion of the company's AGM on 24 May 2023. In her
executive career Fiona was H ead of Strategy, Corporate Development
and Communications at Phoenix Group plc, having previously held
banking roles with ABN AMRO Investment Bank plc, HSBC Investment
Bank plc and Hill Samuel Bank Limited .
As announced on 27 September 2022, the current Chair, Baroness
Helena Morrissey, informed the Board of her intention to step down
when a new Chair had been found. The timing of Helena leaving the
Board will be confirmed in a subsequent announcement by 30 April
2023.
Commenting on today's announcement, Michael Summersgill, Chief
Executive Officer of AJ Bell, said:
"I am delighted that Fiona will be joining the Board. Fiona has
a wealth of experience in our sector and will be able to support
and challenge the executive team whilst leading the Board as we
continue to grow the business."
Commenting on her appointment, Fiona Clutterbuck said :
"AJ Bell is a business I've long admired for its innovation,
customer focus and commitment to delivering great value to
customers and advisers. Its dual-channel business model is a real
strength in the investment platform market and the business is very
well positioned to take advantage of the structural growth drivers
in the sector. I look forward to working with Michael, the rest of
the Board and executive team to ensure the business takes advantage
of the growth opportunities that lie ahead."
There is no other information regarding the appointment 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, Brand and PR Director +44 (0) 7834 499 554
About AJ Bell:
Established in 1995, AJ Bell is one of the largest investment
platforms in the UK, operating at scale in both the advised and
direct-to-consumer markets.
Our purpose is to help people invest by providing them with easy
access to Pensions, ISAs and General investment accounts, great
customer service and competitive charges.
Our two core platform propositions are AJ Bell in the D2C market
and AJ Bell Investcentre in the advised market, which both 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.
In the D2C market we also offer Dodl by AJ Bell, a low-cost
investment app with a simplified investment range that makes it
easier for customers to choose investments and buy and sell them
without paying any commission.
For D2C cash savers we offer a Cash savings hub which provides
access to a range of competitive savings accounts to help people
manage their long-term cash deposits.
AJ Bell is headquartered in Manchester, UK, with offices in
London and Bristol.
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