Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Witan chief Andrew Bell named AIC chairman

Witan chief Andrew Bell named AIC chairman

The Association of Investment Companies (AIC) has named Andrew Bell (pictured) as its new chairman.

The chief executive of Witan Investment Trust succeeds Sarah Bates, whose two-year reign comes to an end of 24 January.

Bell, who is also a non-executive director on the Henderson High Income Trust, has been a director of the AIC since 2006. 

In 25-year career in the City he has had spells at BZW and Credit Suisse First Boston, along with a 10-year stint at Rensburg Sheppards, where he was head of research and strategy.  

In 2010 Bell was put in charge Witan to spearhead an overhaul of the trust.

In a statement on his appointment Bell said: 'I am very much looking forward to becoming chairman of the AIC, having been actively involved with the sector for over 15 years and even longer than that as an investor.

'The investment company industry has had a challenging yet hugely interesting few years, with pressures from a number of quarters for changes in financial services governance and regulation. The AIC’s executive team and board have a crucial role in helping to shape the regulatory debate, as well as providing advice and guidance to members on the implementation of any resulting changes in the rules.  

'Our current chairman, Sarah Bates, has been unstintingly energetic and capable in supporting and guiding the sector and I am honoured to have been asked to take up the running from 2013 as her successor.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter