Quilter PLC Directorate Change (9057M)
14 May 2020 - 8:00PM
UK Regulatory
TIDMQLT
RNS Number : 9057M
Quilter PLC
14 May 2020
14 May 2020
Quilter plc
Directorate Change
Quilter plc Board composition
Quilter plc announces that Tim Breedon has been appointed as an
independent Non-executive Director of the Company, with effect from
1 June 2020. This follows the announcement on 11 March 2020 that
Cathy Turner and Dr Suresh Kana will be stepping down from the
Quilter plc Board at the conclusion of the Company's 2020 Annual
General Meeting which takes place today.
Tim is currently a Non-executive Director of Barclays PLC and
Barclays Bank PLC, chairing the Board Risk Committee and is a
member of the Board Audit Committee, Board Nomination Committee and
Board Remuneration Committee. He is also Chairman of Apax Global
Alpha Limited and had previously served as Executive Chairman of
the Northview Group. Before that, Tim had a distinguished career
with Legal & General, where, among other roles, he was the
Group Chief Executive from 2006 until June 2012. Tim was a Member
of the Takeover Panel from 2010 to 2012, a Non-executive Director
of the Association of British Insurers, where he has served as
Chairman from 2010 to 2012 and a Non-executive Director on the
Financial Reporting Council between 2004 and 2007.
As a former CEO of a FTSE-100 company operating in the UK
long-term savings market, Tim will provide challenge, advice and
support to Quilter management on business performance and
decision-making. Tim's appointment will support the Quilter Board
in overseeing the delivery of long term sustainable success for
Quilter using his extensive financial services experience, deep
understanding of risk management and UK and EU regulation, as well
as an understanding of key investor issues.
Tim will join the Quilter Board Risk Committee, Board
Remuneration Committee and Board Corporate Governance and
Nominations Committee.
Glyn Jones, Chairman of the Board , comments:
" I am delighted Tim has agreed to join the Quilter board. Tim
brings a unique blend of experience and expertise as a former CEO
in a highly successful FTSE 100 savings and pensions business, and
as a very seasoned Non-executive Director in both a FTSE 100
company and private equity backed businesses. He brings a deep
understanding of UK regulated financial services, corporate
governance in UK public companies, and effective board challenge
and support in building out a sustainable long term business."
Tim said , "I am pleased to be joining Quilter at an important
point in its evolution and I look forward to working with the
Chairman and my fellow Board members in supporting the Quilter
management team."
Designated Non-executive Director for engagement
Quilter further announces that following the decision by Cathy
Turner to step down from the Quilter Board, Paul Matthews has been
appointed a member of the Board Remuneration Committee and has
further agreed to act as the designated Non-executive Director for
engagement with the Company's workforce, in line with the
provisions of the 2018 UK Corporate Governance Code, with immediate
effect.
Paul said, " I am pleased to be able to build on the work
initiated by Cathy Turner and take specific responsibility for
engaging with Quilter's employees. Taking proper account of their
interests, alongside those of other stakeholders, is an important
part of our Board culture."
There are no other details that are required to be disclosed in
respect of these appointments under Paragraph 9.6.13R of the
Listing Rules of the UK Listing Authority save as disclosed in this
announcement.
- ends -
Enquiries:
Investor Relations:
John-Paul Crutchley +44 (0)7741 385 251
Company Secretary:
Patrick Gonsalves +44 (0)20 7778 9670
Camarco
G eoffrey Pelham-Lane +44 (0)20 3757 4985
Aprio (South Africa)
Julian Gwillim +27 (0)11 880 0037
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 GBP95.3 billion in investments (as at 31
March 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
business, 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
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END
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