Directorate Change

RNS Number : 6887F

Quilter PLC

11 March 2020

 

FOR IMMEDIATE RELEASE  

11 March 2020

Quilter plc

("Quilter" or the "Group" or "the Company")

Directorate Changes

Quilter announces that Cathy Turner and Suresh Kana will not seek re-election at the Company's Annual General Meeting on 14 May 2020 (the "AGM"), and will stand down from the Board with effect from the end of the AGM.

Ms Turner has recently taken up an appointment as a Board member and Chair of the Remuneration Committee at a FTSE 100 company and can no longer commit the required time to her duties on the Quilter Board.

Dr Kana's decision to step down is primarily driven by the extensive travel required as a result of his serving on a UK public company Board from South Africa, in addition to his other existing international commitments. He believes that this is an appropriate time to step down now that Quilter's governance processes are well established.

Commenting, Glyn Jones said, "Cathy has made a significant contribution to the establishment by Quilter of remuneration policies and structures appropriate for an independent public company. Suresh's insight into South African corporate governance practices has been very valuable during our formative period as a dual-listed entity. We wish them every success in their future endeavours."

Ruth Markland, our Senior Independent Director, who has served as a member of the Board Remuneration Committee since she joined the Board in June 2018, has agreed to succeed Cathy as Chair of our Board Remuneration Committee. An external search agency has been appointed to help us identify successors for both Ms Turner and Dr Kana.

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Enquiries Investor Relations: John-Paul Crutchley  Keilah Codd	[phone] [phone]
Media: Jane Goodland  Tim Skelton-Smith	[phone] [phone]
Company Secretary: Patrick Gonsalves	[phone]

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 £110.4 billion in customer investments (as at 31 December 2019).

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: Advice and Wealth Management and Wealth Platforms.

Advice and Wealth Management encompasses the financial planning businesses, Quilter Financial Planning, Quilter Private Client Advisers and Quilter Financial Advisers; the discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business. Wealth Platforms includes the Old Mutual Wealth UK Platform and Quilter International.

Since its IPO in June 2018, the Group's businesses have progressively re-branded to Quilter. The UK Platform will be the final business to rebrand; this will follow the safe delivery of the new platform technology. Descriptor for re-branded business units:
Previous	New
Intrinsic	Quilter Financial Planning
Old Mutual Wealth Private Client Advisers	Quilter Private Client Advisers
Quilter Investors	Quilter Investors
Quilter Cheviot	Quilter Cheviot
UK Platform	Quilter Wealth Solutions
International	Quilter International

 

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