Billy Mackay has been appointed managing director of AJ Bell Investcentre.
The marketing director of AJ Bell Investcentre for 13 years will take over from the current managing director of AJ Bell Investcentre, Fergus Lyons on 1 October 2021. Fergus will then move into an advisory role to oversee and support the development of Touch by AJ Bell and its future growth in the adviser market.
In his new role, Billy will take on responsibility for the platform’s development roadmap, distribution and adviser service proposition, in addition to his existing marketing responsibilities. The platform has assets under administration of £44.2 billion.
Touch will be a simplified platform proposition for financial advisers delivered to clients via a mobile and tablet app. It will sit alongside and complement AJ Bell Investcentre. The development of Touch by AJ Bell will continue to be led by Dave Tanner as managing director.
Andy Bell, chief executive of AJ Bell, said the appointment was part of “a long-planned succession strategy and is a natural step for Billy and the business.”
He also thanked Fergus Lyons “for the huge contribution he has made to the growth of AJ Bell over the past 21 years and I’m looking forward to continuing to work with him on the launch and development of Touch by AJ Bell”.
