Quilter announced that Andrew McGlone will resign as CEO of Quilter Cheviot later this year, ending the company’s 31-year term.
McGlone has led discretionary fund managers over the past seven years and will stay in search of new opportunities.
Quilter has a mortgage network that recommends loans of more than £20 billion a year.
McGlone will be inherited by John Goddard, who will join Quilter Cheviot as CEO in September 2025, after a lot of external searches.
Goddard brought nearly three decades of experience at HSBC, where he held many senior leadership positions and played a role in strategic growth in multiple markets.
McGlone and Goddard will work together to ensure a smooth switch.
In March, Quilter announced that Quilter had set aside £76 million in remedial costs as part of its ongoing recommendation review after an increase in regulatory review of fund managers’ historical fee practices.
The announcement was announced in the annual full-year report ended December 31, 2024, released on March 5. It reflects the estimated costs of potential customer remediation, including interest and related expenses.
