AJ Bell has appointed Fiona Clutterbuck as the non-executive chair with effect from 1 May 2023.
Prior to September 2022, Clutterbuck served as head of Paragon Banking Group plc, was a non-executive director of Hargreaves Lansdown plc, and is currently a non-executive director of Sampo plc and Co-operative Bank plc.
Clutterbuck also serves as the senior independent director of M&G plc, but he plans to leave that position after the AGM of the firm on May 24, 2023.
Earlier in her executive career, Clutterbuck held positions in banking with ABN AMRO Investment Bank plc, HSBC Investment Bank plc, and Hill Samuel Bank Limited. At Phoenix Group plc, she was Head of Strategy, Corporate Development, and Communications.
Clutterbuck will serve as the Board’s chairman and work with AJ Bell to seize the market for investment platforms’ potential for expansion.
As the designated non-executive director for engagement with the workforce, Clutterbuck will also join the Nomination Committee, and serve as head of the Risk and Compliance Committee, and the Remuneration Committee.
The current Chair, Baroness Helena Morrissey, told the Board of her intention to stand down once a replacement had been chosen, as was announced on September 27, 2022. A later notification made by April 30, 2023, will confirm Morrissey’s departure date from the Board.
AJ Bell chief executive officer Michael Summersgill says: “I am delighted that Fiona will be joining the Board. Fiona has a wealth of experience in our sector and will be able to support and challenge the executive team whilst leading the Board as we continue to grow the business.”
Clutterbuck says: “AJ Bell is a business I’ve long admired for its innovation, customer focus and commitment to delivering great value to customers and advisers. Its dual-channel business model is a real strength in the investment platform market and the business is very well-positioned to take advantage of the structural growth drivers in the sector.
“I look forward to working with Michael, the rest of the Board and the executive team to ensure the business takes advantage of the growth opportunities that lie ahead.”