AJ Bell  

AJ Bell creates deputy CEO role in board reshuffle

AJ Bell creates deputy CEO role in board reshuffle

AJ Bell has appointed a deputy chief executive officer and is on the look out for a chief financial officer as part of a board reshuffle to support its growth plans.

Michael Summersgill will fill the deputy CEO role from October after being CFO at the provider since 2011.

In his new role, Summersgill will support CEO Andy Bell with the development and execution of the company’s strategy to drive the future growth of AJ Bell’s platforms.

In addition, Roger Stott has been appointed to another newly created role of chief operating officer, also taking up the position from October.

Stott is currently group finance director and has held various roles at the provider in the past 13 years.

Due to these changes, AJ Bell is looking for someone to fill the CFO role.

Les Platts, chairman of AJ Bell, said the changes would strengthen the board as the company moves to its next phase of long-term growth.

Platts said: “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.”

The firm has also added Margaret Hassall as a non-executive director after she recently stepped down from this role at Nucleus Financial Group, where she chaired the remuneration committee.

She was also an NED of OneSavings Bank until May 2020. 

She has previously worked as a consultant for Deloitte for seven years, led the financial services consulting business for Charteris and previously held roles within large banks.

Andy Bell added: “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.”

amy.austin@ft.com

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