Quilter has announced that Mark Satchel, currently director of Corporate Finance, will be appointed chief financial officer, effective 13 March 2019, at which point he will join the Board, subject to regulatory approval. Tim Tookey, currently chief financial officer will be stepping down from the Board in March 2019.
Tookey and the Board have agreed that he will leave the business at the end of April 2019, having fully transitioned the role to his successor; he will step down from the Board on 13 March 2019.
Satchel has a long history at Quilter having been a pivotal member of the Old Mutual Wealth Executive Committee for many years. He has also worked closely with Tookey over the last two years on the preparation for the listing and driving the optimisation initiatives which remain on track for a March shareholder update.
Glyn Jones, chairman of Quilter plc said: “I would like to thank Tookey for his very significant contribution to the creation of Quilter. We are sorry to see him go but he leaves with our best wishes for the future and his return to a plural career. The Board is delighted to appoint Mark Satchel to succeed Tookey. Satchel is very well known to the Board and highly regarded. He has worked closely in partnership with Tookey so we are confident of a smooth transition and continuity on key initiatives.”