AJ Bell boss Andy Bell quits the funding large he based after 27 years in cost
Andy Bell is stepping down as chief govt of the FTSE 250 UK funding group he based after 27 years in cost.
Bell – who co-founded AJ Bell in Manchester in 1995 and constructed it into one of many UK’s hottest funding platforms –will likely be succeeded by deputy chief govt Michael Summersgill in the beginning of October as a part of what the agency stated was a ‘long-established succession plan.’
Bell, 55, nonetheless, will stay on the firm and take up the place of deputy chairman. He stated: ‘It has been a fantastic journey so far.’
Stepping down: Andy Bell – who co-founded AJ Bell in Manchester in 1995 –will likely be succeeded by deputy chief govt Michael Summersgill in the beginning of October
The Liverpool-born father of 4 had a modest upbringing, together with caravan holidays along with his dad and mom, and after working as an actuary and sports activities coach for a number of years determined to arrange AJ Bell along with his buddy Nicholas Littlefair.
Though he nonetheless owns almost 1 / 4 of the corporate, value round £253million, he has cashed in thousands and thousands from promoting shares.
But regardless of his wealth, he has tended to keep away from flashing his money.
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