Response to press speculation

RNS Number : 2913I

Quilter PLC

10 December 2020

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

FOR IMMEDIATE RELEASE  

10 December 2020

Quilter plc ("Quilter" or the "Group" or "the company")

Response to press speculation

Quilter notes recent press speculation in respect of Quilter International. Quilter International is part of Quilter plc, a leading wealth management business in the UK and internationally, with the Group overseeing £109.5 billion of investments on behalf of approximately 900,000 clients (as of 30 September 2020).

In the context of Quilter's long-term strategy and ambition, the Board has initiated a strategic review of Quilter International to evaluate its role in delivering Quilter's future growth ambitions. The review is at an early stage and as such the outcome is not yet known. Options range from a decision to retain Quilter International through to a disposal of the business. The Board of Quilter has not yet decided on any particular option and as such there can be no certainty that any potential transaction will be concluded. 

Quilter will update the market as and when appropriate.

- end -

Enquiries Investor Relations: John-Paul Crutchley Keilah Codd	[phone] [phone]
Media: Jane Goodland  Tim Skelton-Smith	[phone] [phone]
Camarco:  Geoffrey Pelham-Lane	[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 £109.5 billion in customer investments (as at 30 September 2020).

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, including AAM Advisory in Singapore.

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 Investment Platform
International	Quilter International

JSE Sponsor:  J.P. Morgan Equities South Africa (Pty) Ltd

 

END

 

 

RSPTMBFTMTIBBLM