Old Mutual’s unique rand hedge
Old Mutual Wealth is to change its name to Quilter Plc, which will clear out the toy box full of inherited brand names such as Intrinsic and Cirilium
Investors will soon get the option to invest in another Old Mutual. As part of the managed separation, shares in Old Mutual Wealth UK will be distributed to shareholders in the disbanding Old Mutual Plc. This will be listed in both London and Johannesburg so local shareholders will be able to hold a business unlike any other on the JSE. It offers advisory, investment management and administrative platform services. It has similarities with PSG Konsult on the local board, but operates almost exclusively in the British market. To avoid confusion, Old Mutual Wealth plans to change its name to Quilter Plc — reflecting its most exclusive business unit, Quilter Cheviot. It will give it a chance to clear out the toy box full of inherited brand names such as Intrinsic and Cirilium.Quilter Chevior is the fifth-largest discretionary wealth manager in the UK. Its adviser platform, what we call a linked investment service provider, is neck and neck with Standard Life and ahead of Aegon (even af...
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