Jersey-based Tim Childe, who heads Quilter Cheviot’s international operations, told International Adviser it has already started building on its international presence and would go live “soon” under his oversight with the office in the Dubai International Financial Centre.
“We are very excited about that, and we already have someone who’s resigned from his post elsewhere and is joining us in August”, he said.
In the Middle East, Old Mutual International already has two offices in Dubai.
“They’re obviously a significant global operator, apart from having enormous exposure to the African continent. People don’t realise how far-flung they are across the globe. They operate in all the major continents.”
Childe said he has been appointed to the executive committee of Quilter Cheviot “mainly because I’ve been tasked with running the international side of Quilter Cheviot, and in terms of expanding our reach and capitalising on the opportunities which lie within Old Mutual, chiefly Old Mutual International”.
“We’re very actively engaged with senior management within Old Mutual and Old Mutual International, and we’ve already got very effective working relationships with heads of the sales divisions and also their respective regional heads underneath them.”
Currently targeting opportunities in South Africa, he has already undertaken several trips, involving road shows with the Old Mutual International sales people and meeting their advisers on the ground.
“One reason why they were attracted to our business was the fact that we are a bespoke investment manager that very much caters for the higher end of client assets.”
Childe added that it also had initiatives on the go with the South American element of Old Mutual International, and had engaged with their posts in Asia as well, in Hong Kong and Singapore,
The Jersey operation of Quilter Cheviot has £1.3bn of assets, while its business as a whole manages around £17.5bn which now sits alongside the £100bn of private client assets of Old Mutual Wealth.
