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

Regulators publish joint consultation on DC pensions value for money

Regulators publish joint consultation on DC pensions value for money

'Pension schemes' performance will be public with a simple rating system'

Martin Richmond
clock 08 January 2026 • 5 min read
Female clients twice as likely to be unhappy with their adviser than men

Female clients twice as likely to be unhappy with their adviser than men

Dissatisfied with communication, trust and adviser/client relationship

Isabel Baxter
clock 08 January 2026 • 2 min read
Why the 'comfortable middle' faces a tougher decade ahead

Why the 'comfortable middle' faces a tougher decade ahead

‘From a client’s perspective, it feels like earning more while keeping less’

Anthony Villisis
clock 08 January 2026 • 5 min read