Monday 30 May 2022

Quilter plc

Appointment of Quilter Chair

Quilter plc ("Quilter" or the "Company") announces that Glyn Barker has been appointed as Chair of Quilter plc, subject to regulatory approval, effective from 7 September 2022.  Mr Barker will join the Quilter Board as a Non-executive Director and as a member of the Board Remuneration Committee and the Board Corporate Governance and Nominations Committee effective from 1 June 2022.  Ruth Markland will continue as Chair of Quilter until Mr Barker's appointment as Chair becomes effective.

After a distinguished executive career with PwC, culminating with appointment as Vice Chairman, UK and Chief Executive Markets: Europe, Middle East, Africa and India, Mr Barker has held a number of senior Non-executive positions including Chairman of The Berkeley Group Holdings plc and Senior Independent Director of Aviva plc.  Mr Barker will be stepping down as Chair and a Non-executive Director of Berkeley Group at or before their Annual General Meeting on 6 September 2022.

Ruth Markland, Interim Chair of Quilter, commented:

"After a very thorough and comprehensive search, I am delighted that Glyn Barker has agreed to become the Chair of Quilter.  Glyn is an experienced Chair who has demonstrated both in his executive career and his non-executive career an ability to lead large businesses and has a good understanding of the wealth management industry.  My Board colleagues and I are looking forward to working with Glyn to continue Quilter's development and delivering our growth plans."

Glyn Barker, commented:

"I am deeply honoured to be appointed to Chair the Quilter Board.  Quilter is a business which has completely transformed itself since its Listing in 2018 and I am very much looking forward to playing a role in ensuring it fully delivers on its undoubted potential."

Paul Feeney, Quilter CEO, commented:

"I am very pleased that Quilter has been able to attract a Chair of the calibre of Glyn Barker.  Having repositioned the business as a focused UK wealth manager, my management team and I welcome the appointment of Glyn Barker who will help us to fully leverage the fantastic capabilities of our business for the benefit of all our stakeholders."

Biographical details for Mr Barker are attached. 

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Enquiries:

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 £107.2 billion in customer investments (as at 31 March 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.

Biographical Details for Glyn Barker

Education and Professional Accreditation

1978       FCA, Institute of Chartered Accountants, UK

1975       BSc, Economics and Accountancy, Bristol University, UK

Contractual arrangements

As Chair of Quilter plc, Mr Barker will receive a fee of £350,000 per annum.  He will commit at least two to three days per week to Quilter during his appointment as Chair.

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.