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 £131.3 billion of investors’ money (as at 30 September 2017). Listing is due to happen during 2018, with exact timings yet to be confirmed.
Change of name for our holding company
When our holding company lists on the stock exchanges it will be under its new name of Quilter plc, which will replace the name Old Mutual Wealth Management Limited. There will be no immediate impact on customers or financial advisers.
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.
Old Mutual plc – Managed Separation strategy
Old Mutual plc – group website
Quilter Investor relations
Contact us for further information
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