Quilter plc has announced changes to its executive committee “to ensure that it is well prepared for the next phase of its corporate journey”.
After 15 years of service, Martin Baines has decided to step down as the CEO of Quilter Cheviot. He will continue to work for Quilter 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 Quilter Cheviot.
Current Quilter Cheviot managing director Andy McGlone will succeed Baines as CEO, subject to regulatory approval, and will join the executive committee. McGlone has spent his whole career at Quilter, having joined in 1994.
Furthermore, chief operating officer (COO) Steve Braudo will leave the organisation on 5 October 2018 to make way for a specialist COO and pursue “other opportunities”.
Quilter plc CEO, Paul Feeney commented: “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.”
The specialist COO taking over from Braudo will be Karin Cook. She will fulfil her new role on 2 January 2019, subject to regulatory approval. Cook previously spend five years at Lloyds Banking Group and nine years at HSBC where she held similar roles.
Peter Kenny becomes CEO of Old Mutual International and a member of the executive committee.
Quilter also created two new executive committee roles. Michelle Andrews joins the executive committee and becomes chief marketing officer, having joined the company in 1997. Additionally, Jane Goodland has been promoted to corporate affairs director and a member of the executive committee.
Feeney added: “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.”
The executive committee changes follow the company’s listing on the London and Johannesburg Stock Exchanges on 25 June 2018.