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Quilter PLC - QLT
Directorate Change
Released 07:04 11-Mar-2020



RNS Number : 6887F
Quilter PLC
11 March 2020

FOR IMMEDIATE RELEASE

11 March 2020

Quilter plc

('Quilter' or the 'Group' or 'the Company')

Directorate Changes

Quilter announces that Cathy Turner and Suresh Kana will not seek re-election at the Company's Annual General Meeting on 14 May 2020 (the 'AGM'), and will stand down from the Board with effect from the end of the AGM.

Ms Turner has recently taken up an appointment as a Board member and Chair of the Remuneration Committee at a FTSE 100 company and can no longer commit the required time to her duties on the Quilter Board.

Dr Kana's decision to step down is primarily driven by the extensive travel required as a result of his serving on a UK public company Board from South Africa, in addition to his other existing international commitments. He believes that this is an appropriate time to step down now that Quilter's governance processes are well established.

Commenting, Glyn Jones said, 'Cathy has made a significant contribution to the establishment by Quilter of remuneration policies and structures appropriate for an independent public company. Suresh's insight into South African corporate governance practices has been very valuable during our formative period as a dual-listed entity. We wish them every success in their future endeavours.'

Ruth Markland, our Senior Independent Director, who has served as a member of the Board Remuneration Committee since she joined the Board in June 2018, has agreed to succeed Cathy as Chair of our Board Remuneration Committee. An external search agency has been appointed to help us identify successors for both Ms Turner and Dr Kana.

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Enquiries

Investor Relations:

John-Paul Crutchley

Keilah Codd

+44 (0)20 7002 7016

+44 (0)20 7002 7054

Media:

Jane Goodland

Tim Skelton-Smith

+44 (0)7790 012 066

+44 (0)7824 145 076

Company Secretary:

Patrick Gonsalves

+44 (0)20 7778 9670



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 £110.4 billion in customer investments (as at 31 December 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 Managementand Wealth Platforms.

AdviceandWealth Managementencompasses 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 Platformsincludes the Old Mutual Wealth UK Platform and Quilter International.

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 Wealth Solutions

International

Quilter International


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Directorate Change - RNS

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Quilter plc published this content on 11 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 March 2020 07:05:05 UTC