Quilter Cheviot's David Loudon: If you want to provide the service we offer, there are costs

It is nearly two years since Quilter Cheviot was acquired by Old Mutual Wealth in a £585m deal which gave the wealth manager a "stable footing from which to grow its business", according to chief executive David Loudon (pictured). The firm has a long history of being involved in M&A activity since its inception in 1771, having had several parent companies in the past including Citibank and Morgan Stanley.  Its existing Quilter Cheviot business was formed after a merger of Quilter with Cheviot Asset Management in 2013, creating a combined firm with £12bn in assets under management. ...