Witan's Bell to be next chairman of AIC

Witan's Andrew Bell will become chairman of the Association of Investment Companies (AIC) early next year, replacing Sarah Bates, who has stepped down after a two year spell in charge.

Bell (pictured), who has been chief executive of the £1bn Witan Investment trust since February 2010, will take up his new role on January 24. He has served as a director on the AIC's board since 2006, and was last year appointed deputy chairman. Bell said he aims to help shape the changing regulatory landscape in his new role. "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," said Bell.  "The investment company industry has had a challenging yet hugely inter...