Information for analysts and shareholders
On 15 November 2017, Old Mutual Wealth announced a new name for its holding company. The name Quilter plc is set to replace Old Mutual Wealth Management Limited as the brand name of the company which incorporates all of the registered Old Mutual Wealth businesses.
The new name was presented by Old Mutual Wealth Chief Executive, Paul Feeney, at an investor showcase event held in London. The materials from the event are available here:
Quilter traces its origins to an investment partnership founded above a coffee shop in the heart of the City of London in 1771. 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.
The change of name will take effect at the point of separation from Old Mutual plc, in line with the Old Mutual plc Managed Separation strategy. There will be no immediate impact on customers or financial advisers.
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 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.
Old Mutual plc – Managed Separation strategy
Old Mutual plc – group website
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