Review of international life business still pending as board not ‘in a position to reach a conclusion’
Financial services giant Quilter wants to simplify its business throughout 2021.
As a result, chief executive Paul Feeney said, during the firm’s 2020 financial results, that Quilter Private Client Advisers will be transferred into Quilter Cheviot later this year.
The move will help with the delivery of a “seamless proposition encompassing advice and bespoke investment management”, he said. “This will ensure integrated delivery of good client outcomes, while helping us maximise the growth potential within our higher net worth proposition.”
Feeney said that the board is considering a series of options ranging from the retention of the business to its disposal.
Bambos Hambi assumes CIO role at Quilter Investors as parent firm restructures
Hambi was named as CEO in June last year
Quilter Investors has named Steven Levin as chief executive in a move that sees Bambos Hambi redirect his focus solely on the chief investment officer role as parent company Quilter looks to simplify its operation.
Hambi (pictured) is listed as both CEO and CIO of Quilter Investors on Quilter’s website, a role he assumed after joining the firm in November last year from Aberdeen Standard Investments.
He had been lined up to replace Paul Simpson as the top boss of Quilter Investors when he retires at the end of March, but the firm has changed tack following a re-organisation of its client segments in order to simplify the business.
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