Quilter chairman Glyn Jones to retire

Quilter stated its board corporate governance and nominations committee had established a process, to be led by senior independent director Ruth Markland, to identify a new chairman.

The FTSE 250-listed firm added an announcement on Jones' successor would be made at "the appropriate time".

Jones said: "It has been an enormous privilege for me to serve as chair of Quilter since November 2016. I have greatly enjoyed leading a strong and diverse board, which has overseen Quilter's journey through IPO and the first few years as a listed company.

"Now that Quilter has been substantially simplified to focus on its core UK market, our future strategy and medium-term objectives are clear, and the board has recently been refreshed, I believe it is also time for a new chair."

As of 0900 BST, Quilter shares were up 0.70% at 144.35p.