QUILTER PLC - Quilter plc announces Chief Financial Officer transition to take place in March 2019

Quilter plc announces Chief Financial Officer transition to take place in March 2019

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")


1 November 2018


Quilter plc


Quilter plc announces Chief Financial Officer transition to take
place in March 2019


Quilter plc (‘Quilter’) announces that Mark Satchel, currently
Quilter’s Corporate Finance Director,       is   appointed Chief
Financial Officer with effect from 13 March 2019, subject to
regulatory approval. Tim Tookey, currently Chief Financial
Officer will be stepping down from the Board on 13 March 2019.
Having made a significant contribution to the creation of
Quilter plc as a standalone company and its subsequent listing
in June 2018, Tim Tookey approached the Board to discuss his
wish to return to a non-executive career, in order to enable a
better work-life balance. Tim and the Board have agreed that
Tim will leave the business at the end of April 2019, having
fully transitioned the role to his successor; he will step down
from the Board on 13 March 2019.

The Board is pleased to appoint Mark Satchel, currently
Corporate Finance Director, to the role of Chief Financial
Officer, effective on 13 March 2019, at which point he will join
the Board, subject to regulatory approval. Mark has a long
history at Quilter having been a pivotal member of the Old
Mutual Wealth Executive Committee for many years. Mark has also
worked closely with Tim over the last two years on the
preparation for the listing and driving the optimisation
initiatives which remain on track for a March shareholder
update.

Glyn Jones, Chairman of Quilter plc said: “I would like to
thank Tim for his very significant contribution to the creation
of Quilter. We are sorry to see him go but he leaves with our
best wishes for the future and his return to a plural career.
The Board is delighted to appoint Mark Satchel to succeed Tim.
Mark is very well known to the Board and highly regarded. He
has worked closely in partnership with Tim so we are confident
of a smooth transition and continuity on key initiatives.”

Paul Feeney, Chief Executive said: “Tim has made a great impact
during his time with Quilter and played an instrumental role in
preparing and delivering our listing. Whilst I am sorry that we
will be losing Tim, I am delighted that we have such an able
successor in Mark. I have worked alongside him for many years
and I am confident that he will be a very effective and talented
CFO.”

Tim Tookey, Chief Financial Officer said: “Quilter is a great
business, built on strong foundations and with excellent
prospects; I will remain a strong supporter and shareholder in
the business. I am delighted to be able to hand over to Mark,
with whom I have built an excellent working relationship and who
has all the skills and experience to undertake the role going
forward.”

There are no other details that are required to be disclosed in
respect of these directorate changes under Paragraphs 9.6.11 and
9.6.13 of the Listing Rules of the UK Listing Authority, save as
disclosed in this announcement.



                              -ends-

Enquiries:



Investor Relations
John-Paul Crutchley                    +44 20 7002 7016

Media:
Jane Goodland                       +44 77 9001 2066
Camarco
Geoffrey Pelham-Lane                    +44 20 3757 4985

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


Notes to Editors:
Biography:        Mark Satchel – Chief Financial Officer
(designate)
Mark joined Old Mutual in the UK in January 2000 and has held
numerous leadership positions within the Finance function at
both Old Mutual plc and the operating business units. He was
appointed as Chief Financial Officer to Skandia, which became
Old Mutual Wealth, and served on its board from 2010 until
April 2018. Mark was responsible for the disposal of nine
businesses in Continental Europe and played a lead role in the
acquisition of Intrinsic and Quilter Cheviot. He was
instrumental in implementing Old Mutual Wealth’s successful
business model and helped scope the footprint of the business
in preparation for an independent listing. More specifically,
Mark led the sale of the Single Strategy business (Old Mutual
Global Investors), the debt raising for Quilter plc and the
managed separation of Quilter from Old Mutual plc.

Earlier in his career, Mark was CFO for Skandia's Europe &
Latin America Division and also spent a year in Sweden
integrating Skandia into Old Mutual. He qualified as a
Chartered Accountant in South Africa, and worked for KPMG in
both South Africa and Canada prior to moving to the UK.


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 £118.1billion 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.


JSE Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd

Date: 01/11/2018 09:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.