Quilter sells international business for £483m

Simplifies structure

Jenna Brown
clock • 1 min read

Quilter has sold its international business to Utmost Group for £483m following a strategic review.

The firm said the sale would simplify Quilter and focus its attention on its higher growth UK wealth management business. The deal is due to complete towards the end of the year if shareholders approve the move. The total £483m is inclusive of a 5% interest charge on the base consideration of £460m from 1 January 2021. Quilter International will become a part of Utmost International, an international life assurance business operated by Utmost Group. Quilter chief executive Paul Feeney said: "[The sale] allows us to focus on accelerating our growth and efficiency plans as well as fu...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

RL360 blames fault in IT systems for widespread outage

RL360 blames fault in IT systems for widespread outage

IoM firm confirms it was not a cyber-attack and there will be ‘no client detriment’

Isabel Baxter
clock 04 November 2025 • 1 min read
Old Mill and Brook Financial join the Kinbrook Group

Old Mill and Brook Financial join the Kinbrook Group

Both will continue to operate under respective brands following the deal

Isabel Baxter
clock 03 November 2025 • 2 min read
BRI Wealth Management completes FutureFocus Advisory acquisition

BRI Wealth Management completes FutureFocus Advisory acquisition

Deal brings £40m in assets under management

Isabel Baxter
clock 03 November 2025 • 2 min read