(Alliance News) - Quilter PLC on Monday said Independent Non-Executive Director Jon Little will step down at the end of September.
The London-based wealth management services provider explained that Little has recently taken on a new full-time role that will not allow him to commit the required time to his role with Quilter.
Little has served on the Quilter board and as a member of the remuneration committee since May 2017. He is also chair of Quilter Investors Ltd, Quilter's multi-asset investment solutions business, and he will also step down from that role at the end of September.
An external search agency has been appointed to help the company to identify a successor to Little, Quilter said.
"Jon Little has played a significant role since joining the board in May 2017 by first supporting the preparation of Quilter for listing and later bringing his deep experience of the asset management industry to bear in re-shaping the business into a modern wealth management business and in particular guiding the build-out of Quilter Investors," said Chair Glyn Jones.
"We thank him for his contribution and wish him well in his future endeavours," added Jones.
Quilter shares were trading 1.3% higher in London on Monday at 142.40 pence each, while in Johannesburg, the stock was 1.0% higher at ZAR30.16 per share.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Quilter (QLT)