Stockton to head up Bellpenny

Stockton to head up Bellpenny




National Wealth Manager Bellpenny has announced Nigel Stockton has been promoted to CEO….

National Wealth Manager Bellpenny has announced Nigel Stockton has been promoted to CEO.

Nigel, who has been a director of the firm since inception in 2012, is set to become the new CEO in September, subject to FCA approval.

Nigel is currently Financial Services Director at Countrywide PLC and brings with him extensive experience in financial services, including roles at Lloyds Banking Group and the Financial Times.

The current CEO, Kevin Ronaldson who is to step down, will however still remain with the company as Founding Director.

Kevin led the company since it launched into the market and has overseen its rapid expansion, including over £3bn of funds under management and 70 financial planners.

Kevin is to remain a shareholder and investor of the company, where his new role will include him working closely on strategic planning with the board.

“I am really excited at the prospect of taking the reins at Bellpenny,” commented Nigel.

“I have been a passionate proponent of professional, cost-effective advice in the mortgage and insurance arena for many years.

“I look forward to applying this experience to the investment world where both the consumer need and commercial opportunity are, if anything, even greater.”

Kevin added: "In less than three years, Bellpenny has gone from nil funds under management, no clients and just a handful of staff in a small Reading office to looking after more than £3 billion of investments for clients the length and breadth of the UK.

“I am incredibly proud both of what we've all built at Bellpenny and of the whole team that has done it.

 “With these strong foundations in place, we now need to be planning further ahead, particularly as regards the long term leadership of the business.

“Nigel is the logical choice to succeed me as CEO. He will be a dynamic and stimulating leader and is ideally equipped to take Bellpenny to the next stage of its evolution.
 
“My Founder Director position at the company means I can enjoy the best of both worlds.

“I'll remain closely involved with the business while also having time for my other interests, which have rather taken a back seat over the past three years."

Bellpenny's Chairman, Grenville Turner concluded: "Oaktree would like to thank Kevin for his efforts in turning the Bellpenny concept into a reality over the past three years.

“Kevin staying on as Founder Director, shareholder and investor is the best possible outcome for us in terms of continuity.

“In Nigel we're especially fortunate to have a tailor-made replacement for Kevin.

“He and I have worked closely together for much of the past 20 years and I can't think of anyone better equipped to drive Bellpenny to even greater heights.

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