Quilter plc Enhances Board with Kal Atwal and Kan Kotecha as Independent Non-executive Directors Amid Succession Changes

Kal Atwal Strengthens Board with Expertise in Customer Strategy and Digital Innovation

Effective 1 September 2026, Kal Atwal joins Quilter’s Board as an independent Non-executive Director, leveraging 16 years at BGL Group Limited where she advanced customer-led business strategy. She founded and served as Managing Director of comparethemarket.com, one of the UK’s leading financial comparison platforms, and later held Group Director roles overseeing brand strategy and group-wide strategic direction. Her appointment aligns with Quilter’s ambition to become a leading customer champion in UK wealth management.

Atwal’s extensive board experience spans financial services and retail, including Non-executive Director roles at Admiral Financial Services Limited, The Royal London Mutual Insurance Society Limited, and WH Smith PLC. She has held executive leadership positions such as Chair of SimplyCook and Executive Chair of funkypigeon.com, successfully leading business sales. Currently, she serves as Non-executive Director at OneSavings Bank PLC, OSB Group PLC, and Whitbread PLC, underscoring her ongoing influence in major UK financial and commercial enterprises. From 1 September 2026, Atwal will join the Board Remuneration Committee, contributing strategic insight and customer-focused perspectives to executive remuneration and talent oversight.

Kan Kotecha Brings Over 20 Years of Technology Leadership in Global Financial Services

Kan Kotecha’s appointment as an independent Non-executive Director from 1 September 2026 adds deep technology and transformation expertise to Quilter’s board. He brings over two decades of experience from senior roles at Morgan Stanley, Google, and currently as Chief Technology Officer at Capital Integration Systems (CAIS). At Morgan Stanley, he led the European e-commerce division and executed a large-scale technology transformation as Chief Technology Officer, equipping him to oversee Quilter’s technology strategy amid significant digital investments targeting Affluent and High Net Worth clients.

At Google, Kotecha served as Vice President of Engineering for Corporate Engineering, enhancing his skills in large-scale technology delivery. He has also served on the board and audit committee of Avantax, Inc, a US-listed financial services firm, highlighting his understanding of wealth management technology challenges. From 1 September 2026, Kotecha will join the Board Risk Committee, where his expertise will support oversight of technology, operations, and risk management as Quilter advances its transformation agenda.

Andrew Ross Joins Corporate Governance and Nominations Committee Following Board Appointment

Andrew Ross, who joined Quilter’s Board on 1 January 2026, will become a member of the Board Corporate Governance and Nominations Committee from 1 September 2026. Ross also chairs the Quilter Cheviot Limited subsidiary board, responsible for discretionary fund management and financial planning for High Net Worth clients. This dual role enhances governance alignment between Quilter’s group board and subsidiary operations.

Ross’s addition expands the Corporate Governance and Nominations Committee, chaired by Ruth Markland and including Neeta Atkar, Chris Hill, Alison Morris, and Ross from September 2026. The committee oversees board composition, succession planning, and corporate governance across Quilter, benefiting from Ross’s operational insight into the High Net Worth segment.

Alison Morris Steps Down from Remuneration Committee While Continuing as Audit Chair

Independent Non-executive Director Alison Morris will leave the Board Remuneration Committee on 1 September 2026 but will remain Chair of the Board Audit Committee. This change aligns with board committee restructuring following new appointments. Morris continues to play a vital role in financial governance, ensuring oversight of financial reporting, internal controls, and audit functions critical to investor confidence.

The Remuneration Committee, led by Chair Chris Hill with members Neeta Atkar, Kal Atwal, and Ruth Markland from 1 September 2026, benefits from Atwal’s strategic and customer-centric expertise. Morris’s ongoing leadership of the Audit Committee maintains continuity in financial governance amid board transitions.

Moira Kilcoyne Concludes Decade of Impact on Technology and Operations Governance

Moira Kilcoyne will step down as an independent Non-executive Director on 31 December 2026, ending ten years of service since her December 2016 appointment. Kilcoyne contributed significant expertise in technology strategy, operations, data, and change management, notably as Chair of the Board Technology and Operations Committee. Under her leadership, the committee oversaw key transformation initiatives, including the successful 2021 launch of Quilter’s Investment Platform, a pivotal achievement for the Affluent segment and the company’s digital transformation roadmap.

Quilter Chair Ruth Markland praised Kilcoyne’s critical role in delivering strategic transformation. Kilcoyne will remain on the Board Risk Committee until her departure, facilitating a smooth transition alongside Kan Kotecha, who joins the committee in September 2026. The Board Technology and Operations Committee, chaired by Kilcoyne until its closure in 2022, has since been integrated into Quilter’s broader governance framework, reflecting the maturity of its technology operating model.

Board Committee Restructuring Aligns with Governance Priorities at a3141.9 Billion Wealth Manager

Effective 1 September 2026, Quilter’s board committee restructuring mirrors evolving governance needs as the firm manages a3141.9 billion in customer investments across Affluent and High Net Worth segments. The Board Audit Committee, chaired by Alison Morris, will include Morris, Neeta Atkar, and Chris Hill, maintaining focus on financial reporting and controls. The Board Risk Committee, led by Neeta Atkar, expands to include Moira Kilcoyne, Kan Kotecha, Alison Morris, and Chris Samuel, enhancing expertise in technology risk and operational resilience amid ongoing transformation.

The Board Remuneration Committee, chaired by Chris Hill, will comprise Hill, Neeta Atkar, Kal Atwal, and Ruth Markland, integrating Atwal’s customer strategy insight into executive compensation oversight. The Corporate Governance and Nominations Committee, chaired by Ruth Markland, will include Markland, Neeta Atkar, Chris Hill, Alison Morris, and Andrew Ross, reflecting Ross’s subsidiary board experience. This restructuring underscores Quilter’s dedication to robust governance across audit, risk, remuneration, and nominations at a scale befitting a leading UK wealth manager.

Quilter plc’s Dual Segment Model Serves Affluent and High Net Worth Clients

Quilter plc operates two distinct segments—Affluent and High Net Worth—catering to diverse UK wealth management demographics. The Affluent segment includes Quilter Financial Planning, offering advisory services to mass affluent clients; the Quilter Investment Platform, a digital investment solution; Quilter Invest, a savings and investment app; and Quilter Investors, providing multi-asset investment products. These businesses deliver accessible financial advice and digitally enabled investment options.

The High Net Worth segment comprises Quilter Cheviot, delivering discretionary fund management and financial planning for clients with substantial assets. Quilter Cheviot functions as a subsidiary board entity chaired by Andrew Ross, highlighting its strategic significance. Together, these segments manage a3141.9 billion in customer investments as of 31 March 2026, positioning Quilter as a major UK wealth management player. Board composition and committee expertise reflect the complexity of overseeing both distribution-focused and discretionary management operations, justifying appointments like Kan Kotecha and Kal Atwal.

Investment Platform Launch Marks Key Milestone in Quilter’s Strategic Transformation

The 2021 successful rollout of the Quilter Investment Platform, overseen by Moira Kilcoyne’s Board Technology and Operations Committee, represents a cornerstone of Quilter’s multi-year transformation. This upgrade enhanced digital customer experience, operational efficiency, and scalability for the Affluent segment’s advisory clients. The project’s delivery under Kilcoyne’s governance demonstrates Quilter’s capability to execute complex technology transformations while maintaining regulatory compliance and service quality.

This platform investment supports Quilter’s goal of becoming a recognised customer champion. Kan Kotecha’s appointment to the Board Risk Committee, given his extensive technology transformation background, signals the Board’s commitment to rigorous oversight of technology delivery and operational risk as Quilter advances its transformation initiatives. The platform’s success provides a foundation for future technology and product enhancements, strengthening Quilter’s competitive position in digital wealth management.

Board Succession Strategy Balances Continuity with New Expertise in Technology and Customer Focus

Quilter’s directorate changes reflect a deliberate succession plan balancing continuity with fresh expertise aligned to strategic goals. The appointments of Kal Atwal and Kan Kotecha from 1 September 2026 bring immediate depth in customer strategy and technology transformation, while Moira Kilcoyne’s departure on 31 December 2026 allows a four-month overlap on the Board Risk Committee to ensure smooth risk governance transition.

Chair Ruth Markland highlighted that the new directors’ expertise will strengthen oversight of Quilter’s strategy, emphasizing digital transformation and customer-centric business evolution. Retaining experienced directors like Neeta Atkar alongside new appointees enables governance rigor combined with contemporary insights. Kilcoyne’s planned year-end exit facilitates professional succession management and governance continuity during management transitions.