UK wealth manager Quilter has announced changes to its Executive Committee following its listing on the London and Johannesburg Stock Exchanges on 25 June 2018. All new Executive Committee members will report to Paul Feeney, CEO of Quilter.
After 15 years of leading Quilter Cheviot, Martin Baines has decided to step down as the CEO. He will stay on throughout 2019 as a Senior Adviser to the Quilter Cheviot Board. Baines will relinquish his roles on the Quilter Cheviot and Quilter plc Executive Committees and from the day-to-day running of the company. Baines’ role will encompass senior client and business development activities, reporting jointly to Paul Feeney and Ian Buckley, the newly appointed Independent Non-Executive Director and Chairman of the Quilter Cheviot Limited Board. Buckley recently joined Quilter Cheviot from Rathbone Brothers PLC alongside Philip Tew as an Independent Non-Executive Director, who joined the business from PwC.
Andy McGlone, currently Managing Director of Quilter Cheviot, will succeed Baines as CEO of Quilter Cheviot (subject to regulatory approval) and will join the Quilter plc Executive Committee. McGlone has worked through his entire career at Quilter Cheviot, having joined in 1994 and most recently led the front office functions based in London. McGlone will be responsible for leading Quilter Cheviot through the next phase of its journey.
Having played a key role in the creation of Quilter, Steve Braudo, the organisation’s current Chief Operating Officer (COO), believes that this is the right time for a specialist COO to take on a reshaped COO role.
Karin Cook will join the organisation as COO on 2 January 2019 (subject to regulatory approval). Cook brings a wealth of experience of leading major transformations of operations and IT functions, and also of leading complex business unit and group-wide processes in large, publicly listed, financial services organisations. Cook spent five years at Lloyds Banking Group, where she undertook roles that included Chief Operating Officer of Commercial Banking and, more recently, Group Director of Operations, on the Group Executive Committee, reporting to the Group Chief Executive. In addition, Karin spent nine years at HSBC where she was Chief Operating Officer of Global Private Banking from 2010 to 2013.
Peter Kenny becomes CEO of Old Mutual International and a member of the Executive Committee. Kenny will continue to drive the positive momentum that has been achieved regarding the transformation of the international business which he started when he joined the business in August 2016.
In order to ensure greater visibility and engagement for Quilter’s external proposition, brand build and customer agenda, two new Executive Committee roles have been created:
Michelle Andrews joins the Executive Committee as Chief Marketing Officer. Andrews joined the organisation in 1997 and is a UK & International marketing expert, with a successful track record in leading major change in brand and proposition. She has extensive commercial experience, having held numerous senior marketing and commercial roles during her career and has built significant strategic expertise in marketing as well as in customer proposition development.
Jane Goodland has been promoted to the role of Corporate Affairs Director and a member of the Executive Committee. Goodland will be responsible for overseeing external communications and PR, stakeholder engagement, government relations, public policy, industry lobbying and Quilter plc’s Responsible Business agenda.
Feeney says: “I am delighted that Andy, Karin, Peter, Michelle and Jane are joining my Executive team as all bring valuable experience and skills. Karin brings a huge amount of experience, from working as COO in two publicly listed, financial services organisations; Peter has already made good progress in transforming our international business; Andy has an exceptional understanding of Quilter Cheviot and the wealth management industry; Michelle is a very experienced marketing professional who has demonstrated her capabilities throughout the 21 years she has worked here, particularly with regard to our rebranding to Quilter and Jane has made a huge impact in developing our Responsible Business strategy and external stakeholder engagement campaigns over the last three years. I believe that we are very well placed to drive forward the next phase of our corporate journey.
“I am delighted that I will continue to work with Martin in his new role and also welcome Ian and Philip to our organisation. On behalf of everyone at Quilter, I would like to thank Steve Braudo for his valuable contribution. Over the last two years, Steve has supported our managed separation from Old Mutual plc, our listing on the London and Johannesburg Stock Exchanges and has established robust governance and IT standards within Quilter. We wish him well for the future.”