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Old Mutual Wealth Management Limited changes name to Quilter plc

28 March 2018

In line with its announcement on 15 November 2017, Old Mutual Wealth confirms that its group company name has changed from Old Mutual Wealth Management Limited to Quilter plc (“Quilter”).

The new name for the group reflects its separate identity ahead of its plans to list and separate from Old Mutual plc.

The group businesses will be re-branded to Quilter over a period of approximately two years following separation from Old Mutual. There will be no immediate changes for customers.

In the meantime, the group will continue to use Old Mutual Wealth (UK Platform/Life Assurance), Old Mutual International, Intrinsic, Old Mutual Wealth Multi-Asset, Old Mutual Wealth Private Client Advisers and Old Mutual Wealth Financial Adviser School for the brands within Quilter. The group expects the first business to be renamed to be its Multi-Asset business, which will become Quilter Investors. Quilter Cheviot and AAM Advisory (Singapore) will retain their names.

Paul FeeneyPaul Feeney, Chief Executive Officer, said:

“Building on our strong 2017 results that we announced on 15th March, we continue to make great progress towards our anticipated listing as a leading independent wealth management business. We believe that we have a compelling investment opportunity and we look forward to listing as Quilter in due course.”

For more information contact

Quilter

Vee Montebello
020 7778 9550
07872 665149
vee.montebello@quilter.com

Tim Skelton-Smith
02380 916 998
07824 145 076
tim.skelton-smith@quilter.com

Camarco

Hazel Stevenson
020 3757 4989

Notes to editors:

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 £111.6 billion in customer investments (as at 31 March 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 will be re-branded to Quilter over a period of approximately two years following separation from Old Mutual:

  • The Multi-asset business to 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 press release is for journalists only and should not be relied upon by financial advisers or customers.

Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter plc.  Registered office: Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Registered number: 6404270.  Registered in England.