10 October 2022
Quilter plc (“Quilter” or the “Company”) announces that Paul Feeney will step down from his role as Director and as Chief Executive Officer of Quilter plc from 31 October 2022. Paul will remain available thereafter to support an orderly transition.
The Board is pleased to announce the appointment of Steven Levin as a Director and Chief Executive Officer of Quilter plc from 1 November 2022, which is in line with the Board’s long-term succession plan. Steven has led Quilter’s Affluent segment since its formation and has deep business experience across Quilter and successfully managed Quilter’s Platform Transformation Programme. He has been with the Group (and its predecessor companies) since June 1998. The appointment is subject to regulatory approval.
Commenting on the announcement, Ruth Markland, Quilter Chair said:
“On behalf of the Board, I would like to express our deep gratitude to Paul for leading the business for the last decade and for transforming Quilter into the modern wealth manager it is today. He leaves with our very best wishes for his future endeavours. I am pleased to confirm the appointment of Steven Levin as Chief Executive Officer and that there is an appropriate transition period to ensure an orderly handover. I am confident that Steven will take our business forward and deliver on its potential, supported by the strong Executive Committee that Paul has built”.
Paul Feeney commented:
“After ten great years, it’s time to pass the baton. It has been my greatest privilege to have served as Quilter’s Chief Executive Officer. I am immensely proud of what we have achieved, transforming the business from a predominantly closed life book business into the modern, publicly listed wealth manager it is today, with around £1 billion returned to shareholders since Listing.
“I want to thank the Board, my executive colleagues, and most of all, the dedicated and caring people of Quilter for their support and belief in me over the years. Having achieved what I set out to do, I believe that now is the right time for me to hand over to Steven, my very able successor, to take Quilter on the next stage of its incredible journey”.
Steven Levin said:
“I am delighted to be asked by the Board to be the next Quilter Chief Executive Officer and am excited by the opportunities for our business ahead.
“I am immensely grateful to Paul personally for his support over the years and to the Board for the trust they have placed in me to lead the business. I am fortunate to be inheriting a strategically well positioned business with a strong balance sheet. I am looking forward to working with my colleagues across the business as we continue to meet the needs of customers and advisers and to realise Quilter’s significant growth potential”.
Steven Levin – Biography
Steven is an experienced leader with an ability to cut through organisational complexity to drive strategic delivery. He has deep industry knowledge, having worked in asset management, investments, platform and distribution roles. This breadth of experience positions him well to lead the integrated customer centric propositions at Quilter. Having been a member of the Executive Committee since 2011, he has played a leading role in delivering several high-profile strategic initiatives for the Group, including the implementation of Quilter’s new investment platform and supporting the development of Quilter’s ESG proposition. He is a trusted leader who is highly respected by the Board, his Executive Committee and the wider business for his insight and customer focus.
Steven joined Quilter plc and its predecessor companies in June 1998, initially joining Old Mutual Group in Cape Town, South Africa. Relocating to London in 2010 as the Product and Proposition Director for Old Mutual plc, he became a Managing Director in 2011 in what was to become Quilter plc. Most recently, Steven has been instrumental in bringing together Quilter’s Platform, Asset Management and Advice businesses into a single affluent customer focussed business.
Steven is a qualified Actuary and Chartered Financial Analyst.
His more recent notable roles include:
- CEO, Investment Platform & CEO Quilter Investors, Quilter plc (2017 – 2022)
- CEO, UK Investment Platform, Old Mutual Wealth (2015 – 2017)
- MD & Global Head of Distribution, Old Mutual Wealth (2013 – 2015)
- MD, Old Mutual International & Europe (2011 – 2013)
- Product and Proposition Director, Old Mutual plc (2010 – 2011)
Steven has led some of the most critical strategic activity for Quilter including:
- Leadership, delivery and implementation of Quilter’s new investment platform, safely migrating 450,000 customers and £65bn AUM over three phased migrations. This was the largest platform migration in the UK market.
- Launched ESG enhancements to Quilter’s Managed Portfolio Service offering, with integrated adviser tools to support advice.
- Strategic review and disposal of Quilter Life Assurance Limited for £425m in December 2019.
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