Stock market gains balloon Quilter’s assets to £110.4bn
The British wealth manager says that assets under management at the end of December were up 13% from the year before
29 January 2020 - 10:21
London-based Quilter, Old Mutual’s former wealth management business, said on Wednesday that stock market gains helped it grow assets under management 13% to £110.4bn during its year to end-December.
The group’s share price rose by a third in 2019, with CEO Paul Feeney saying it has had annual net client cash inflow of £300m for the year, excluding Quilter Life Insurance, reflecting a turnaround during the company’s fourth quarter...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.