Quilter PLC Strategic Review in relation to OMWLA (4400E)

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RNS Number : 4400E

Quilter PLC

04 July 2019

LEI: 54930092XIVK28RZGM95

4 July 2019

Quilter plc

STRATEGIC REVIEW IN RELATION TO OLD MUTUAL WEALTH LIFE ASSURANCE LIMITED

Quilter plc confirms it is undertaking a strategic review in relation to Old Mutual Wealth Life Assurance Limited, the Heritage life assurance business, including the possibility of a disposal of this business.

No decision has been taken by the Board of Quilter plc on any particular option, including whether to effect a disposal of Old Mutual Wealth Life Assurance Limited. Accordingly, there can be no certainty that any transaction will be concluded, or if so, its timing or terms.

A further announcement will be made if and when appropriate.

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Enquiries:

 
 
 Investor Relations: 
  John-Paul Crutchley      [phone] 
 Media: 
  Jane Goodland            [phone] 
 

About Quilter plc:

Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Quilter plc oversees GBP114.9 billion in investments (as at 31 March 2019).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions; and discretionary fund management.

The business is comprised of two segments: Advice and Wealth Management and Wealth Platforms.

Advice and Wealth Management encompasses the financial planning network, Quilter Financial Planning; Quilter Private Client Advisers; the discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business. Wealth Platforms includes the Old Mutual Wealth UK Platform; Old Mutual International, including AAM Advisory in Singapore; and Old Mutual Wealth Life Assurance, the Heritage life assurance business.

The Quilter plc businesses are being re-branded to Quilter over a period of approximately two years:

-- The Multi-asset business is now Quilter Investors

-- Intrinsic is now Quilter Financial Planning

-- The private client advisers business is now Quilter Private Client Advisers

-- The UK Platform to Quilter Wealth Solutions

-- The International business to Quilter International

-- The Heritage life assurance business to Quilter Life Assurance

-- Quilter Cheviot will retain its name.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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July 04, 2019 02:00 ET (06:00 GMT)