AJ Bell Share Price Fell 1.48% on a Non-Executive Appointment

The AJ Bell PLC (LON: AJB) share price fell 1.48% as of 11:07 GMT after announcing the appointment of Fiona Fry to its Board of Directors as an independent non-executive director, effective December 7, 2023. 

The appointment reflects the company’s commitment to strengthening its leadership team with experienced professionals who bring valuable expertise to the organization. Subject to the necessary regulatory approvals, Fiona Fry is poised to take on the crucial role of Chair of the Risk and Compliance Committee within AJ Bell. 

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The appointment comes as part of a planned succession strategy, with Fiona succeeding Simon Turner, who has provided dedicated service on the Board for a commendable nine years.

Fiona Fry brings an impressive professional background to her new role at AJ Bell. She is a chartered accountant and a highly seasoned risk professional, boasting a wealth of experience gained over her illustrious career.

A significant portion of her professional journey was spent at KPMG, one of the world’s leading audit, tax, and advisory firms, where she rose to the position of partner. During her tenure at KPMG, Fiona specialized in financial services regulation, further solidifying her reputation as an authority in this critical area.

Prior to her tenure at KPMG, Fiona held the position of Head of Investigations at the Financial Services Authority, which has since evolved into the Financial Conduct Authority (FCA). Currently, Fiona Fry serves as a non-executive director and holds the esteemed position of Chair of the Risk Committee at Aviva Insurance Limited, one of the United Kingdom’s leading insurance companies. 

Commenting on the announcement, Fiona Clutterbuck, Chair of AJ Bell, said: “I am very pleased to welcome Fiona to the AJ Bell Board and look forward to working with her. Her wealth of financial services and regulatory experience will be invaluable to the Board as we continue to focus on our strategic priorities.”

Commenting on her appointment, Fiona Fry said: “I’m delighted to be joining the Board of AJ Bell, a leading investment platform with a reputation for innovation and delivering value for investors and advisors. The Company’s dual-channel model provides a strong basis for achieving its strategic ambitions. I look forward to working with Fiona and the rest of the Board and executive team to continue to deliver on AJ Bell’s growth strategy.”

AJ Bell share price. 

The AJ Bell share price fell 1.48% to trade at 248.28p from Friday’s closing price of 252.00p.