Managed Separation strategy
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, under its new name of Quilter plc, will be listed independently on the London and Johannesburg stock exchanges. Old Mutual Wealth is already a leading wealth management business in the UK; currently managing £114.4 billion of investors’ money (as at 31 December 2017). Listing is due to happen during 2018, with exact timings yet to be confirmed.
Change of name for our group
On 27 March 2018 we changed the name of our group from Old Mutual Wealth Management Limited to Quilter plc. This has been carried out in preparation for our proposed listing.
The name ‘Quilter’ is already part of our stable of brands. It is a name that resonates from our past and is a brand that stands for quality, for personal service, and for dependability; values that go to the heart of our business. Quilter builds on our heritage to take us forward to our future as a modern, integrated, UK Wealth Manager.
Quilter Investor Relations
Old Mutual plc – Managed Separation strategy
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