Quilter has announced the appointment of Steven Levin as its new chief executive officer.

He will take up the role from 1 November and replace Paul Feeney, who is stepping down role as director and as CEO from 31 October.

Quilter confirmed that Feeney will remain available thereafter to “support an orderly transition”.

Levin has led Quilter’s Affluent segment since its formation and has business experience across Quilter, having successfully managed the firm’s Platform Transformation Programme. He has been with the Group and its predecessor companies since June 1998.

He commented: “I am delighted to be asked by the Board to be the next Quilter CEO and am excited by the opportunities for our business ahead.

“I am immensely grateful to Paul personally for his support over the years and to the Board for the trust they have placed in me to lead the business. I am fortunate to be inheriting a strategically well positioned business with a strong balance sheet. I am looking forward to working with my colleagues across the business as we continue to meet the needs of customers and advisers and to realise Quilter’s significant growth potential.”

Outgoing CEO, Feeney, added: “After 10 great years, it’s time to pass the baton. It has been my greatest privilege to have served as Quilter’s CEO. I am immensely proud of what we have achieved, transforming the business from a predominantly closed life book business into the modern, publicly listed wealth manager it is today, with around £1bn returned to shareholders since listing.

“I want to thank the Board, my executive colleagues, and most of all, the dedicated and caring people of Quilter for their support and belief in me over the years. Having achieved what I set out to do, I believe that now is the right time for me to hand over to Steven, my very able successor, to take Quilter on the next stage of its incredible journey.”

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