Five months on from its acquisition by Old Mutual Wealth, the investment manager has appointed a number of familiar faces in executive roles.

UK-based Quilter Cheviot has shaken up its leadership team with a flurry of promotions and a newly-created role.

Under the restructure, David Loudon, who joined Quilter Cheviot over 20 years ago, has been promoted from head of regions to head of investment management. He will manage the firm’s investment process and research, while leading the investment management team and taking on line management responsibility for sales and marketing.

Replacing Loudon as head of regions will be the current head of the Liverpool office, Richard Thorn. In his new role, Thorn will be responsible for the firm’s 11 regional offices across the UK and in Dublin, Ireland. His appointment will see the Liverpool office’s executive director, Simon Walker, become head of Merseyside.

Meanwhile, investment director Donald Norman has been promoted to head of private clients. He will support chief executive Martin Baines in delivering Quilter Cheviot’s client proposition and services strategy.

Executive director Tim Childe, who has been with the firm for over 24 years, will step into the newly-created role of head of international. In addition to his current responsibilities as head of the Jersey office, he will drive international business development.

Andy McGlone, who also sits on the executive committee, has been promoted to head of London. He will oversee all London investment managers, including the charities team, while taking on line management responsibility for the firm's managed portfolio service and dealing function.

Lastly, Quilter Cheviot has appointed Tim Horrocks, head of the Leicester office, as chairman of its conduct risk and TCF committee. 

“Our enhanced team structure has been designed to fit our new business model and to optimise the opportunities available to us now we are part of Old Mutual Wealth,” said Baines.

“Old Mutual International’s extensive distribution networks are bolstering growth across a range of global markets and we now have the team in place to steer this growth for the future.”

The firm, which currently has £17.2 billion ($26.5 billion) of funds under management, confirmed Mark McLeod and Paul Martin will stay on in their positions as chief financial officer and head of compliance respectively.