Quilter CEO and Director, Paul Feeney, will stand down from his position at the end of this month. Steven Levin, the head of the platform, will take over.
Besides, Feeney, the firm’s ten-year leader, will stay on to “help an orderly transition”.
Since 2017, Levin has served as the CEO of Quilter Investors and the company’s investing platform, having worked there since 1998. Also, he has been in charge of Quilter’s Affluent.
However, regulations must approve the appointment.
“After ten excellent years, it is time to handover the torch,” remarked Feeney. In addition, he acknowledged that the opportunity to lead Quilter had been his greatest honor.
Moreover, Quilter CEO was quite proud of what they had been able to accomplish in changing the company from a primarily closed life book business into the cutting-edge, publicly traded wealth manager it was today, with roughly $1 billion going back to shareholders since listing.
Furthermore, according to Feeney, who explained his decision to leave, “having accomplished what he set out to do, he believed that it was the proper moment for him to give over to Steven, his very capable successor, to take Quilter on the next stage of its great adventure”.
“I am happy to be asked by the board to be the new Quilter CEO and am enthused by the potential for our business moving forward,” said Levin, his replacement.
Nevertheless, Levin added that he owed a great deal of gratitude to the board for believing in him to run the company, as well as to Paul personally for his support throughout the years.
“I have the good fortune of inheriting a company that is financially sound and well-positioned strategically. And as we continue to satisfy the needs of clients and advisers and realize Quilter’s considerable growth potential, I am looking forward to working with my colleagues across the organization “.
