Nigel Stockton to become CEO of wealth manager Bellpenny

National wealth manager Bellpenny has appointed Countrywide financial services director Nigel Stockton as chief executive, replacing Kevin Ronaldson.

Stockton, who has been a Bellpenny director since it was founded, will take over the role in September, while Ronaldson will become founder director.

Prior to Countrywide, Stockton was mortgages sales director at Lloyds and managing director of Birmingham Midshires.

Stockton says: “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.”

Bellpenny chairman Grenville Turner says: “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.”

Bellpenny, which is owned by investment firm Oaktree, has over £3bn in funds under management.

Countrywide, meanwhile, has also announced a reshuffle of its executive team.

Peter Curran, who joined Countrywide from Lloyds in June, will become managing director for financial services in September, effectively taking over Stockton’s role.

In addition, Samantha Tyrer is joining as retail managing director from Dixons Carphone.

Countrywide finance director across estate agency, financial services and London and premier Graham Bell will become London managing director.

Paul Creffield, who previously headed up the London and premier division, becomes business to business managing director.

And estate agency sales director Andrew Pennells has been named group transformation and change director.