We are part of a wider group of Old Mutual Wealth businesses, offering:
An Exciting Future For Old Mutual Wealth
The Old Mutual Wealth group is currently part of Old Mutual plc which provides investment, savings, insurance and banking services in Africa, Europe, the Americas and Asia. In March 2016, Old Mutual plc announced a ‘managed separation’ strategy, which aims to separate its underlying businesses and unlock value within the Group structure.
As part of this strategy, it is planned that Old Mutual Wealth Management Limited will be listed on the London and Johannesburg stock exchanges in its own right. This reflects its size and the fact that it is already a leading wealth management business in the UK and internationally, currently managing £114.4 billion in customer investments (as at 31 December 2017). This figure excludes our Single Strategy asset management business. Old Mutual Wealth announced the sale of this business on 19 December 2017, which is anticipated to complete in the second half of 2018. Listing is due to happen during 2018, with exact timings yet to be confirmed.
New Holding Company Name
On 15 November 2017, we announced that we are changing the name of our group holding company, from Old Mutual Wealth Management Limited to Quilter plc. The change of name will be gradual, starting with listing, though you may also see it introduced in one or two places such as our sponsorship. This announcement has no impact on your clients' investments.