Quilter plc
 | |
| Company type | Public limited company |
|---|---|
| JSE: QLT | |
| Industry | Wealth management |
| Founded | 2018  |
| Headquarters | London, England |
Key people | Ruth Markland (Chair) Steven Levin (CEO) |
| Products | Asset management Wealth Management Life insurance Savings and investment |
| Revenue |  £4,626 million (2023)[1] |
| £88 million (2023)[1] | |
 £42 million (2023)[1] | |
| AUM | £106.7 billion (2023)[1] |
| Total assets | £53.345 billion (2023)[1] |
| Total equity | £1.519 billion (2023)[1] |
Number of employees | 3,000 (2023)[2] |
| Website | www.quilter.com |
Quilter plc, formerly known as Old Mutual Wealth Management Limited, is a British multinational wealth management company formed to take over the UK wealth management[3] business of Old Mutual plc after its separation of business.[4] It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The stock has a secondary listing on the Johannesburg 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 the London Stock Exchange (LSE) with secondary listings on the Johannesburg, Namibia, Malawi and Zimbabwe Stock Exchanges.[9][10]
The firm selected Goldman Sachs, JP Morgan and Bank of America Merrill Lynch to lead its initial public offering which took place in June 2018[11] and was estimated to have valued the company at $3.35 billion.[12]
See also
[edit]References
[edit]- ^ a b c d e f "Preliminary Results 2023" (PDF). Quilter plc. Retrieved 6 March 2024.
- ^ "Quilter Group". Financial Options. Retrieved 13 February 2024.
- ^ "OMW - CAPITAL MARKETS SHOWCASE" (PDF). 15 November 2017. Retrieved 10 March 2018.
- ^ "Managed separation - Process explained". Retrieved 10 March 2018.
- ^ "Quilter Share listing". Retrieved 12 May 2020.
- ^ "Old Mutual to split into four units". Bbc.com. 11 March 2016. Retrieved 28 September 2016.
- ^ Holt, Natalie (7 March 2016). "Old Mutual Wealth up for sale". Money Marketing (Online Edition): 1–1.
- ^ "Old Mutual Wealth Showcase". Old Mutual plc. 15 November 2017. Retrieved 11 March 2018.
- ^ Costello, Eugene (15 November 2017). "Old Mutual Wealth to rebrand as Quilter ahead of LSE listing next year". International Investment. Retrieved 11 March 2018.
- ^ "Quilter plc is ready for listing on JSE and LSE". 2 May 2018. Retrieved 16 May 2018.
- ^ Kerr, Sam (30 July 2018). "We did well because we listened, says Quilter CEO". Global Capital: N.PAG–N.PAG.
- ^ "Old Mutual unit picks banks for $3.35 billion flotation: sources". Reuters. Thomson Reuters. 7 December 2017. Retrieved 11 March 2018.
External links
[edit]
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- Companies in the FTSE 250 Index
- Financial services companies established in 2018
- Companies listed on the London Stock Exchange
- Financial services companies based in the City of London
- Insurance companies of the United Kingdom
- Investment management companies of the United Kingdom
- Multinational companies based in the City of London
- 2018 initial public offerings
- Corporate spin-offs
- United Kingdom financial services company stubs