In a statement, the wealth management giant said Hill had been appointed to its audit and remuneration committees in his first role since leaving the
Hill faced a turbulent tenure at the top of
In his seven period as chief from 2016, shares in the firm slumped around 40 per cent despite a surge through the pandemic as retail investors poured cash into the market.
Quilter chair
Quilter has shrugged off the worst of the troubles facing the
City analysts at Numis last week warned that "dark clouds" hanging over the sector are set to stay as investors shift their cash into so-called alternative assets and hunt for lower cost funds.
However, shares in the firm have climbed over ten per cent over the past 12 months, well ahead of rivals like St James's Place, which has cratered beyond 40 per cent in value.
At its half year results in August, the investment firm said its assets under management had climbed by two per cent in the first six months of the year to £101.7bn, while it notched core net inflows of £700m to its funds. Shares closed up 1.99 per cent.
(c) 2024 City A.M., source