Quilter names Glyn Barker as chairman-designate

Quilter said on Monday that Barker will take a seat in its boardroom as a non-executive director and as a member of its remuneration and its corporate governance and nominations committee effective on 1 June, while Markland will continue as chair of the board until Barker's appointment becomes effective.

Prior to his nomination, Barker held a number of senior non-executive positions, including chairman of The Berkeley Group - a role from which he will stand down from at or before the company's annual general meeting on 6 September.

Chief executive Paul Feeney said: "I am very pleased that Quilter has been able to attract a chair of the calibre of Glyn Barker. Having repositioned the business as a focused UK wealth manager, my management team and I welcome the appointment of Glyn Barker who will help us to fully leverage the fantastic capabilities of our business for the benefit of all our stakeholders."

Reporting by Iain Gilbert at Sharecast.com