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Quilter plc

From Wikipedia, the free encyclopedia
British financial services company

Quilter plc
Company typePublic limited company
JSE:QLT
IndustryWealth management
Founded2018 Edit this on Wikidata
HeadquartersLondon, England
Key people
Ruth Markland
(Chair)
Steven Levin
(CEO)
ProductsAsset management
Wealth Management
Life insurance
Savings and investment
RevenueIncrease£5,449 million (2024)[1]
Decrease £35 million (2024)[1]
Decrease £(34) million (2024)[1]
AUMIncrease£119.4 billion (2024)[1]
Total assetsIncrease£62.448 billion (2024)[1]
Total equityDecrease£1.423 billion (2024)[1]
Number of employees
3,000 (2025)[2]
Websitewww.quilter.com

Quilter plc, formerly known asOld Mutual Wealth Management Limited, is a British multinational wealth management company formed to take over the UK wealth management[3] business ofOld Mutual plc after its separation of business.[4] It is listed on theLondon Stock Exchange and is a constituent of theFTSE 250 Index. The stock has a secondary listing on theJohannesburg Stock Exchange (JSE).[5]

History

[edit]

In March 2016, Old Mutual plc announced its managed separation strategy that sought to unlock and create value for shareholders through the separation of its four businesses, Old Mutual Emerging Markets,Nedbank, UK-based Old Mutual Wealth and Boston-based Old Mutual Asset Management (OMAM) into standalone entities.[6][7] In November 2017, Old Mutual Wealth announced its intention to rebrand as Quilter plc[8] and to list its shares on theLondon Stock Exchange (LSE) with secondary listings on theJohannesburg,Namibia,Malawi andZimbabwe Stock Exchanges.[9][10]

The firm selectedGoldman Sachs,JP Morgan andBank of America Merrill Lynch to lead itsinitial public offering which took place in June 2018[11] and was estimated to have valued the company at $3.35 billion.[12]

See also

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References

[edit]
  1. ^abcdef"Preliminary Results 2024". Quilter plc. Retrieved5 March 2025.
  2. ^"Quilter Group". Financial Options. Retrieved10 February 2025.
  3. ^"OMW - CAPITAL MARKETS SHOWCASE"(PDF). 15 November 2017. Archived fromthe original(PDF) on 11 March 2018. Retrieved10 March 2018.
  4. ^"Managed separation - Process explained". Archived fromthe original on 10 March 2018. Retrieved10 March 2018.
  5. ^"Quilter Share listing". Retrieved12 May 2020.
  6. ^"Old Mutual to split into four units".Bbc.com. 11 March 2016. Retrieved28 September 2016.
  7. ^Holt, Natalie (7 March 2016). "Old Mutual Wealth up for sale".Money Marketing (Online Edition): 1.
  8. ^"Old Mutual Wealth Showcase".Old Mutual plc. 15 November 2017. Retrieved11 March 2018.
  9. ^Costello, Eugene (15 November 2017)."Old Mutual Wealth to rebrand as Quilter ahead of LSE listing next year".International Investment. Retrieved11 March 2018.
  10. ^"Quilter plc is ready for listing on JSE and LSE". 2 May 2018. Retrieved16 May 2018.
  11. ^Kerr, Sam (30 July 2018). "We did well because we listened, says Quilter CEO".Global Capital: N.PAG.
  12. ^"Old Mutual unit picks banks for $3.35 billion flotation: sources".Reuters.Thomson Reuters. 7 December 2017. Retrieved11 March 2018.

External links

[edit]
FTSE 100FTSE 250 companies of the United Kingdom →FTSE SmallCap
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