Announced
Completed
Financials
Tags
wealth management
Acquisition
United Kingdom
Completed
Asset Managers and Custodians
Private
Restructuring
Friendly
Single Bidder
Synopsis
Old Mutual has completed its managed separation. Old Mutual Wealth will become Quilter upon separation from Old Mutual. Quilter traces its origins back to 1771. Old Mutual Wealth considers that Quilter is a brand that stands for quality for personal service and for dependability; values that remain at the heart of Old Mutual Wealth's business philosophy today. Old Mutual Wealth also announces the re-segmentation of the business into two divisions: 'Advice and Wealth Management' and 'Wealth Platforms'. The Advice and Wealth Management segment will include: Intrinsic, which will be rebranded to Quilter Financial Planning; the multi-asset business, which will become Quilter Investors and Quilter Cheviot which will retain its name.
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