AJ Bell plc (LON:AJB), one of the UK’s largest investment platforms, today announced the appointment of Fiona Clutterbuck as the non-executive Chair of the Company with effect from 1 May 2023.

Fiona Clutterbuck was previously a non-executive director of Hargreaves Lansdown plc, was the chair of Paragon Banking Group plc until September 2022 and is currently a non-executive director of Sampo plc and Co-operative Bank plc.

She is also the senior independent director of M&G plc but intends to step down from that role at the conclusion of the company’s AGM on 24 May 2023.

In her executive career Ms Clutterbuck was Head of Strategy, Corporate Development and Communications at Phoenix Group plc, having previously held banking roles with ABN AMRO Investment Bank plc, HSBC Investment Bank plc and Hill Samuel Bank Limited.

As announced on 27 September 2022, the current Chair, Baroness Helena Morrissey, informed the Board of her intention to step down when a new Chair had been found. The timing of Helena Morrissey leaving the Board will be confirmed in a subsequent announcement by 30 April 2023.

Commenting on her appointment, Fiona Clutterbuck said:

“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 executive team to ensure the business takes advantage of the growth opportunities that lie ahead.”