Quilter chair buys shares ahead of managed separation
Quilter’s independent non-executive chairman Glyn Jones has invested over £645,000 in Old Mutual as details around the firm’s managed separation are finalised.
Quilter’s independent non-executive chairman Glyn Jones has invested over £645,000 in Old Mutual as details around the firm’s managed separation are finalised.
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Old Mutual shareholders have voted in favour of the company’s much-heralded managed separation at a meeting in London.
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Alan McIntosh’s 36-year investment career started with a difficult choice between the humanities and economics but while the numbers game won out he has utilised his love of literature in his approach to business.
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Quilter has appointed Jenny Granner operations director of its adviser network Intrinsic ahead of its rebrand under Old Mutual Wealth’s managed separation.
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Quilter, formerly Old Mutual Wealth, said its assets under management and administration had fallen in the first quarter of 2018 despite net inflows increasing 14% compared to the same period last year.
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Old Mutual chief executive Bruce Hemphill and chief financial officer Ingrid Johnson have resigned from their board positions at the group as details on the final legal process for the managed separation are announced.
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A private equity firm is set to take over Old Mutual Global Investors (OMGI) in a £600m deal next year, ending months of speculation on the future of the asset manager.
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Old Mutual Wealth claims a period of rapid growth means it is now the UK’s second largest advice business and only major competitor to St. James’s Place.
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An unsolicited bid has prompted Jupiter to consider selling its private client business.
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As markets and portfolio managers in many parts of the world prepare to wind down for the festive season, UK headlines have been gripped by one topic – tumbling unemployment figures. The question is: who is about to make big portfolio moves in late December?
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Quilter has made two new hires to its investment team as part of its on-going expansion post-merger with Cheviot Asset Management.
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After 17 years at Quilter, Charles Hepworth joined GAM to head up its DFM model portfolio business. Would you follow him?
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