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Paul Matthews and Dr. Suresh Kana join the Quilter plc Board of Directors

8 August 2018

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 this appointment under Paragraph 9.6.13 of the Listing Rules of the UK Listing Authority save as disclosed in this announcement.

Enquiries:

Quilter Investor Relations
John-Paul Crutchley                                                    +44 20 7002 7016

Media enquiries
Quilter                                                                        +44 20 7 778 9550
Vee Montebello

Camarco                                                                     +44 20 3757 4985
Geoffrey Pelham-Lane

Aprio (South Africa)                                                    +27 11 880 0037
Julian Gwillim

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 £118.1 billion in customer investments (as at 30 September 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; Quilter Private Client Advisers; discretionary fund management business, Quilter Cheviot; and Quilter Investors, 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
  • The private client advisers business is now 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.