Quilter PLC Strategic Review in relation to OMWLA (4400E)
04 July 2019 - 4:00PM
UK Regulatory
TIDMQLT
RNS Number : 4400E
Quilter PLC
04 July 2019
LEI: 54930092XIVK28RZGM95
4 July 2019
Quilter plc
STRATEGIC REVIEW IN RELATION TO OLD MUTUAL WEALTH LIFE ASSURANCE
LIMITED
Quilter plc confirms it is undertaking a strategic review in
relation to Old Mutual Wealth Life Assurance Limited, the Heritage
life assurance business, including the possibility of a disposal of
this business.
No decision has been taken by the Board of Quilter plc on any
particular option, including whether to effect a disposal of Old
Mutual Wealth Life Assurance Limited. Accordingly, there can be no
certainty that any transaction will be concluded, or if so, its
timing or terms.
A further announcement will be made if and when appropriate.
- end -
Enquiries:
Investor Relations:
John-Paul Crutchley +44 (0)20 7002 7016
Media:
Jane Goodland +44 (0)77 9001 2066
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 GBP114.9 billion in investments (as at 31
March 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
network, Quilter Financial Planning; Quilter Private Client
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; Old Mutual International, including AAM Advisory in
Singapore; and Old Mutual Wealth Life Assurance, the Heritage life
assurance 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 is now 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 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
STREADXDEEENEAF
(END) Dow Jones Newswires
July 04, 2019 02:00 ET (06:00 GMT)
Quilter (LSE:QLT)
Historical Stock Chart
From Apr 2024 to May 2024
Quilter (LSE:QLT)
Historical Stock Chart
From May 2023 to May 2024