Appointments update 28 June 2022

AJ Bell has announced the appointment of Michael Summersgill as chief executive officer, subject to regulatory approval.

Summersgill, who is currently deputy CEO, has been with AJ Bell since 2007, having also held the position of chief financial officer since 2011. He will succeed current CEO, Andy Bell, from 1 October 2022, with Bell to remain on the AJ Bell Board and assume the position of non-executive deputy chair from the same date. The position of CFO, meanwhile, will be filled by Peter Birch from 1 July, as previously confirmed by the firm.

Aon has named Maria Johannessen investment leader for the London region.

Johannessen joins from Mercer, where she was a partner working with investment advisory and fiduciary clients. Prior to this, she spent six years as a corporate strategy adviser at PwC. She also previously held roles at BlackRock Asset Management and UBS Investment Bank, and has advised a wide range of clients in her career, including non-pension fund asset owners.

The Welsh Pensions Partnership (WPP) has appointed Russell Investments to develop its private credit investment programme.

The appointment was made following a competitive tender process, run by Bfinance
and Carmarthenshire County Council, the host authority. Under the appointment,
Russell Investments will construct and manage WPP’s private credit portfolio, utilising closed-ended primary investment funds, secondaries and direct investments to enhance WPP’s strategic asset allocation, with a particular focus on sustainability considerations in line with WPP’s broader climate targets.

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