AJ Bell has announced the appointment of Michael Summersgill to the newly created role of deputy chief executive officer with effect from 1 October 2021.
The investment platform also confirmed that Roger Stott has been appointed to the newly created role of chief operating officer, and will also join the company’s Board on 1 October 2021.
Summersgill has held the position of chief financial officer since 2011 and is currently responsible for the company’s finance and operations functions. In his new role, he will support chief executive officer, Andy Bell, with the development and execution of the investment platform’s strategy to drive its future growth.
Stott, who is currently group finance director and has had a broad range of responsibilities in 13 years at AJ Bell, will assume responsibility for the company’s operational functions.
As a result of the changes, AJ Bell confirmed it is now conducting an external search for a new chief financial officer to join the Board.
Margaret Hassall, who recently stepped down as a non-executive firector of Nucleus Financial Group, has also been appointed by AJ Bell as a non-executive director and will join the Board on 1 September 2021.
Commenting on the announcements, Chair of AJ Bell, Les Platts, said: “These changes will further strengthen the Board, both at executive and non-executive level, as the business embarks on the next phase of its long-term growth.
“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.”
Chief executive, 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.
“I am as enthusiastic as I have ever been about the prospects for the business and I am looking forward to working with Michael, Roger, Margaret and the rest of the team as we embark on our next phase of growth.”
Latest News
-
House price growth slows to 3% – ONS
-
Inflation remains unchanged at 3.8% in September
-
£8.8bn worth of BTL loans advanced in Q2
-
Quilter reports third successive quarter of £2bn+ inflows
-
IHT receipts total £4.39bn in six months to September
-
Younger advisers more likely to work with new clients, study finds
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories