Under the restructure, David Loudon has been appointed head of investment management, and has assumed line management responsibility for the sales and marketing functions.
Loudon, who was previously head of regions, will take company-wide responsibility for the management of Quilter Cheviot’s investment process and research.
Meanwhile the current investment director Donald Norman will become head of private clients and will support chief executive Martin Baines in delivering Quilter Cheviot’s client proposition and services strategy.
A new head of international role has been created for Tim Childe, who will continue to head the Quilter Cheviot Jersey office. Childe, an executive director of the company, will now be responsible for driving international business development, leveraging the global influence of Old Mutual International.
Elsewhere, Andy McGlone has been promoted to head of London and will take on line management responsibility for all London-based investment managers, including the charities team. He will also have line management responsibility for the Managed Portfolio Service and the dealing function.
The head of regions role has been taken up by Richard Thorn, current head of the Liverpool office. Thorn will take responsibility for Quilter Cheviot’s 11 regional offices across the UK and in Dublin, Ireland.
“Our enhanced team structure has been designed to fit our new business model and to optimise the opportunities available to us now we are part of Old Mutual Wealth,” chief executive Martin Baines said.
Private equity firm Bridgepoint sold Quilter Cheviot, which operates across 12 locations in the UK, Ireland and the Channel Islands, for £585m to Old Mutual in late February.
Quilter Cheviot has £17.2bn of funds under management, while Old Mutual Wealth has around £100bn of private clients’ funds under management.
