10th Oct 2022 09:00
(Alliance News) - Quilter PLC on Monday said Paul Feeney will step down as chief executive later this month.
The London-based wealth manager said he will be replaced by Steven Levin, who takes over from November 1.
"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 company explained.
Feeney will remain available after his October 31 departure to support the handover.
Chair Ruth Markland said: "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".
Shares were down 2.8% at 87.60 pence each on Monday morning in London.
By Xindi Wei; [email protected]
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