Quilter PLC Directorate Change (2245G)
November 14 2022 - 2:00AM
UK Regulatory
TIDMQLT
RNS Number : 2245G
Quilter PLC
14 November 2022
14 November 2022
Quilter plc
Directorate Change
Further to the announcement made by Quilter plc ("Quilter" or
the "Company") on 30 May 2022, the Company announces that Glyn
Barker, Quilter's Chair Designate, has stepped down from the Board
for personal reasons.
Having previously undertaken this role with a view to handing
over to Mr Barker, the Board has confirmed that Ruth Markland will
Chair Quilter going forward, and Tim Breedon will be the Senior
Independent Director.
Ruth Markland commented:
"While we are disappointed by Glyn's decision, we very much
understand his personal reasons for making it. We thank Glyn for
his contribution to the Board over the last several months and he
leaves with our very best wishes.
I am looking forward to continuing as Chair of Quilter and thank
my Board colleagues for their support and confidence. I have
tremendous faith in Quilter and our management team, led by Steven
and Mark, and look forward to delivering on our potential and
achieving good outcomes for all stakeholders in the coming
years."
Tim Breedon , Senior Independent Director added:
"I share Ruth's disappointment at Glyn's decision but similarly
understand his reasons and wish him the very best. On behalf of the
Board, I would like to extend our thanks to Ruth for agreeing to
continue her Chairmanship of Quilter. She has provided excellent
leadership since becoming Chair after our last AGM and has made an
invaluable contribution to the Board and broader Company since our
Listing in June 2018."
The remuneration arrangements for the Chair and Senior
Independent Director are set out in the appendix below. There are
no other details that are required to be disclosed in respect of
these appointments under Paragraph 9.6.13R of the Listing Rules of
the UK Listing Authority save as disclosed in this
announcement.
This announcement contains inside information for the purposes
of the UK version of Article 7 of the Market Abuse Regulation (EU
No. 596/2014) as it forms part of United Kingdom domestic law by
virtue of the European Union (Withdrawal) Act 2019.
The person responsible for arranging the release of this
announcement on behalf of Quilter plc is Clare Barrett, Company
Secretary.
-ends-
Enquiries:
Investor Relations:
John-Paul Crutchley +44 (0)7741 385 251
Media:
Tim Skelton- Smith +44 (0)782 414 5076
Camarco:
Geoffrey Pelham-Lane +44 (0)20 3757 4985
About Quilter plc:
Quilter plc is a leading wealth management business in the UK
and internationally, helping to create prosperity for the
generations of today and tomorrow.
Quilter oversees GBP96.9 billion in customer investments as at
30 September 2022.
It has an adviser and customer offering spanning: financial
advice, investment platforms, multi-asset investment solutions, and
discretionary fund management.
The business is being reorganised into two segments: Affluent and High Net Worth .
Affluent encompasses the financial planning businesses, Quilter
Financial Planning, the Quilter Investment Platform and Quilter
Investors, the multi-asset investment solutions business.
High Net Worth includes the discretionary fund management
business, Quilter Cheviot, together with Quilter Private Client
Advisers.
Appendix
Contractual arrangements
As Chair of Quilter plc, Ruth Markland will receive a fee of
GBP350,000 per annum. She will commit at least two to three days
per week to Quilter during her appointment as Chair.
As Senior Independent Director, Tim Breedon will receive an
additional fee of GBP20,000 per annum.
Biographical details of both Ruth Markland and Tim Breedon can
be found at
https://plc.quilter.com/about-us/quilter-leadership/
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END
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