QUILTER PLC - Directorate Change

Directorate Change

QUILTER PLC
(previously, Old Mutual Wealth Management Limited)
Incorporated under the Companies Act 1985 with registered number 06404270 and re-
registered as a public limited company under the Companies Act 2006)
ISIN CODE: GB00BDCXV269
JSE SHARE CODE: QLT
Quilter plc (the "Company")




 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


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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

 Cam arco
 Geoffrey Pelham-Lane                             +44 (0)20 3757 4985

 Aprio (South Africa)
 Julian Gwillim                                   +27 (0)11 880 0037




Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited



About Quilter plc:



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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 £95.3 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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Date: 14-05-2020 12:00:00
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