Quilter PLC Directorate Change (1234X)
August 08 2018 - 1:02AM
UK Regulatory
TIDMQLT
RNS Number : 1234X
Quilter PLC
08 August 2018
8 August 2018
Quilter Plc
Paul Matthews and Dr. Suresh Kana join the Quilter plc Board of
Directors
Quilter plc (the "Company") announces that Paul Matthews and Dr.
Suresh Kana have been appointed as independent non-executive
Directors of the Company, effective from 8 August 2018. Paul has
also been appointed as a non-executive director of Intrinsic
Financial Services Limited ("Intrinsic"), a subsidiary of the
Company, with effect from the same date. Intrinsic, which forms
part of the Advice and Wealth Management segment and will become
Quilter Financial Planning, focuses on advice-led distribution in
the UK.
Paul is a highly experienced FTSE 100 plc board director who has
an in-depth knowledge of the savings and pensions industry, having
worked in that industry for over four decades. Until he retired
from full-time executive roles, Paul worked at Standard Life
undertaking various roles between 1989 and 2017, including as a
Group Executive Director, Chief Executive Officer UK & Europe
and Chairman of Standard Life Wealth. Paul has been a member of the
FCA Practitioner Panel, a Board Member of the Association of
British Insurers and a Member of the Faculty of the Chartered
Insurance Institute. Paul is currently an Executive Mentor at
Merryck & Co.
Suresh is a highly experienced, South African businessman who
has spent over three decades working in various roles at PwC, most
recently as Chief Executive Officer and Territory Senior Partner of
PwC Africa. He has a wealth of South African business, public
company and corporate governance experience. Suresh is currently
Chairman of Imperial Holdings Limited and of Murray & Robert
Holdings Limited, both listed on the Johannesburg Stock Exchange
('JSE'). He is also an independent non-executive director of JSE
Limited and a member of its Audit, Risk and SRO Committees,
Chairman of the Financial Reporting Standards Council (the
Statutory body in South Africa setting Accounting Standards), and a
Member of the Illovo Sugar Limited Advisory Panel. In addition, he
is Deputy Chair of the Integrated Reporting Committee of South
Africa.
Glyn Jones, Chairman of the Board, comments:
"I am delighted that Paul and Suresh have agreed to join the
Quilter Board. Paul's FTSE 100 public company experience and deep
wealth management industry experience will be a valuable addition
to the Board. He has a strong track record of business building in
the wealth management industry, dealing with large scale business
transformation, developing new products and services and addressing
regulatory change.
"A significant proportion of our investor base is South African
and we have a secondary listing on the JSE. Suresh has deep
experience of public markets in South Africa and the corporate
governance and reporting requirements therein. He is also an
experienced international business person and we look forward to
adding his wise counsel to our Board."
There are no other details that are required to be disclosed in
respect of these appointments under Paragraph 9.6.13 of the Listing
Rules of the UK Listing Authority save as disclosed in this
announcement.
- ends -
Enquiries:
Investor Relations
John-Paul Crutchley +44 20 7002 7016
Media:
Vee Montebello +44 20 7778 9550
Camarco
Geoffrey Pelham-Lane +44 20 3757 4985
Aprio (South Africa)
Julian Gwillim +27 11 880 0037
About Quilter plc:
Quilter plc is a leading wealth management business in the UK
and internationally, helping to create prosperity for the
generations of today and tomorrow.
Quilter plc oversees GBP116.5 billion in customer investments
(as at 30 June 2018).
It has an adviser and customer offering spanning: financial
advice; investment platforms; multi-asset investment solutions and
discretionary fund management.
The business is comprised of two segments: Wealth Platforms and
Advice and Wealth Management.
Wealth Platforms includes the Old Mutual Wealth UK Platform; Old
Mutual International, including AAM Advisory in Singapore; and the
Old Mutual Wealth Heritage life assurance business.
Advice and Wealth Management encompasses the financial planning
network, Intrinsic; Old Mutual Wealth Private Client Advisers;
discretionary fund management business, Quilter Cheviot; and the
Multi-asset investment solutions business.
The Quilter plc businesses are being re-branded to Quilter over
a period of approximately two years:
-- The Multi-asset business is now Quilter Investors
-- Intrinsic to Quilter Financial Planning
-- Private Client Advisers to Quilter Private Client Advisers
-- The UK Platform to Quilter Wealth Solutions
-- The International business to Quilter International
-- The Heritage life assurance business to Quilter Life Assurance
-- Quilter Cheviot will retain its name
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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