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Old Mutual Wealth strengthens its Board by appointing to Non-Exective Directors

12/01/2017

Old Mutual Wealth announces the appointment of Moira Kilcoyne and Cathy Turner as independent Non-Executive Directors of the Old Mutual Wealth Board.  

These are the first appointments to be made by Glyn Jones, Old Mutual Wealth’s newly appointed independent Non-Executive Chairman, who comments:Glyn Jones

“I am delighted that Moira and Cathy have agreed to join our Board of Directors as each brings a wealth of valuable experience from their previous executive roles and deep understanding of regulated financial services businesses. I believe that the strengthening of the Board represents another significant milestone in our preparation for an independent future.  My fellow directors and I look forward to working with our new Board members as we support and guide the leadership team of this unique and leading wealth management business on the next phase of its corporate journey.”

Moira brings over 25 years of technology and cyber security leadership to Old Mutual Wealth. She spent much of her career working in senior technology roles in both London and New York, predominantly with Morgan Stanley and Merrill Lynch. Moira recently retired from Morgan Stanley having held the role of Managing Director and Co-Chief Information Officer, Global Technology and Data at Morgan Stanley since 2013.

Cathy is an experienced Non-Executive Director who has spent over 30 years working in senior leadership roles at global organisations. Cathy’s current board roles include being Non-Executive Director and Chair of the Remuneration Committee at Countrywide plc and Non-Executive Director and Chair of the Remuneration Committee at Aldermore Bank PLC. She is also a Partner part time at the senior advisory organisation Manchester Square Partners. After an initial career in consulting, Cathy moved into financial services in 1997 with Barclays plc, where she rose to the position of Group HR Director and a member of the Group Executive Committee. At various times, her responsibilities have also included group strategy and investor relations. Her most recent executive role was as Chief Administration Officer at Lloyds Banking Group plc where she was responsible for a number of corporate functions. Cathy will be Chair of the Remuneration Committee at Old Mutual Wealth.

Old Mutual Wealth is a subsidiary of Old Mutual plc. Old Mutual plc is in the process of executing a managed separation strategy that will separate the Group into its four constituent businesses: Old Mutual Wealth, Old Mutual Emerging Markets, Old Mutual Asset Management and Nedbank. 

For more information contact:

Vee Montebello, Director of Communications
Direct Line: 020 7 778 9550
Mobile: 07872 665149

Notes to editors:

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 £118.1 billion 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

This press release is for journalists only and should not be relied upon by financial advisers or customers.

Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter plc.  Registered office: Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Registered number: 6404270.  Registered in England.