Quilter chairman to step down following AGM

Wealth management firm Quilter revealed on Wednesday that chairman Glyn Jones will not seek re-election at the company's annual general meeting on 12 May.

Quilter stated Jones, who will leave the group in order to pursue other interests following the AGM, will be replaced by senior independent director Ruth Markland on an interim basis.

The FTSE 250-listed group added that the search for Jones' successor was already "progressing well" and said an announcement regarding the appointment of its new cair would be published to the market "in due course".

As of 0815 GMT, Quilter shares were down 0.40% at 137.50p.