Quilter Cheviot restructures after Old Mutual acquisition


Quilter Cheviot has restructured its executive team following its £585m acquisition by Old Mutual Wealth in February.

The discretionary investment manager’s previous head of regions David Loudon is now head of investment management, a new role within the company. He will be replace by Richard Thorn, the current head of the Liverpool office.

Investment director Donald Norman will become head of private clients, supporting Quilter Cheviot chief executive Martin Baines.

In another newly-created role, current executive director and head of Jersey office Tim Childe will become head of international to boost Old Mutual International’s global influence.

The executive committee has also appointed the head of Leicester office Tim Horrocks as chairman of Quilter Cheviot’s conduct risk and TCF committee.

Finally, Mark McLeod and Paul Martin will retain their positions as Quilter Cheviot chief financial officer and head of compliance, respectively.

Baines says: “Our enhanced team structure has been designed to fit our new business model and to optimise the opportunities available to us now we are part of Old Mutual Wealth.

“Old Mutual International’s extensive distribution networks are bolstering growth across a range of global markets and we now have the team in place to steer this growth for the future.”