Adviser and D2C investment platform AJ Bell has announced its co-founder and CEO, Andy Bell, will step down on 1 October.
He will be replaced by Michael Summersgill, who has been with the firm since 2007 and is currently deputy CEO and chief financial officer. Summersgill has been CFO role since 2011 and will be succeeded by Peter Birch on 1 July. Bell (pictured) will remain on the board as a non-executive deputy chair, where he will continue to be "actively involved in evaluating future market developments and opportunities" along with "campaigning for fairness and simplicity for UK retail investors and financial advisers". Helena Morrissey, chair of the firm, said Bell would "remain an important mem...
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