Incoming Quilter chair Glyn Barker steps down

Wealth manager Quilter - formerly Old Mutual - said on Monday that chair designate Glyn Barker has stepped down for personal reasons.

Acting chair Ruth Markland will be the new chair, while Tim Breedon will be senior independent director.

Markland said: "While we are disappointed by Glyn's decision, we very much understand his personal reasons for making it. We thank Glyn for his contribution to the board over the last several months and he leaves with our very best wishes.

"I am looking forward to continuing as chair of Quilter and thank my board colleagues for their support and confidence. I have tremendous faith in Quilter and our management team, led by Steven and Mark, and look forward to delivering on our potential and achieving good outcomes for all stakeholders in the coming years."