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June 14, 2021

Quilter rebrands Old Mutual Wealth investment platform

By Verdict Staff

Quilter has rebranded its UK investment platform business from Old Mutual Wealth to Quilter.

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  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
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The rebranding follows Quilter’s spin off from Old Mutual in June 2018 and listing on the London and Johannesburg stock exchanges.

The Quilter investment platform, based in Southampton since 1979, managed £64.3bn of customer investments as of 31 March 2021.

According to Quilter, the platform is set to oversee more than £100bn of customer investments in the UK, following its recent technology upgrade.

According to Quilter platform and Quilter Investors CEO Steven Levin, the rebranding indicates that all of businesses under the company now harness the strength of the Quilter brand.

Levin said: “We are incredibly proud of the heritage of the Quilter platform as a market innovator, with a passion for supporting advisers and customers.

“It is a business which has shaped the modern platform market in the UK and following our recent technology upgrade, we are reigniting that culture of innovation as Quilter.”

Quilter has been renaming all other companies within the Quilter Group in the last few years.

In 2018, the company renamed its multi-asset investment business as Quilter Investors and its Old Mutual Wealth Private Client Advisers as Quilter Private Client Advisers.

In 2019, it renamed financial advice business as Quilter Financial Planning.

Last year, Quilter announced that Old Mutual International will be renamed Quilter International.

The Quilter brand springs from the group’s discretionary investment management business, Quilter Cheviot.

Recent developments at Quilter

Last month, Quilter International appointed Nicholas Kourteff as its new Singapore CEO.

Quilter reported a 26% year-on-year jump in total assets for the first quarter of 2021 driven by improved net flows, positive investment performance, and bounce back in markets.

In May this year, Utmost Group agreed to acquire Quilter International from Quilter plc for £483m ($665m).

 

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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