ATS chief exits firm after seven years

Following £1.5m loss

Hannah Godfrey
clock • 1 min read

Alliance Trust Savings (ATS) chief executive Patrick Mill is leaving after seven years at the firm.

Mill (pictured) is being replaced with chairman Ron Baxter as an interim measure. The news of Mill's exit was confirmed in a statement on Thursday afternoon. Earlier this year, ATS came under fire when it suffered a £1.5m loss amid re-platforming delays. The platform is currently undergoing a major platform technology change from its in-house technology to an external provider GBST.  Baxter started working for ATS in September 2017. In addition to his chairman duties, he will assume the role of acting chief executive. He is a former senior adviser at both the Financial Conduct A...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Friday Night Takeaway: It's the return of the banks

Friday Night Takeaway: It's the return of the banks

The news editor's Friday Night Takeaway from 10 July

Isabel Baxter
clock 10 July 2026 • 3 min read
Carla Brown on PFS/CII relationship reset and how chartered status is 'essential'

Carla Brown on PFS/CII relationship reset and how chartered status is 'essential'

PFS president and chair joins Professional Adviser in the studio

Professional Adviser
clock 10 July 2026 • 1 min read
FCA spotlights vulnerability in latest Consumer Duty review

FCA spotlights vulnerability in latest Consumer Duty review

Treatment of vulnerable clients still an area of improvement for firms

Sophia Panayi
clock 10 July 2026 • 2 min read