The current CEO of Quilter, who has been in the role since 2012, is handing over the reins.

UK-based Quilter yesterday announced that Paul Feeney will step down as chief executive at the end of October. Steven Levin, who is a senior manager at the firm, (pictured) will take over the post. His CEO appointment is subject to regulatory approval, Quilter said in a statement.

In his most recent role, he was CEO, investment platform and CEO of Quilter Investors (2017 to 2022). Levin joined Quilter – and its predecessor companies – in 1998. Levin initially joined Old Mutual Group in Cape Town, South Africa. Relocating to London in 2010 as the product and proposition director for Old Mutual, he became a managing director in 2011 in what was to become Quilter.

“After 10 great years, it’s time to pass the baton. It has been my greatest privilege to have served as Quilter’s chief executive officer,” Feeney said. “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 £1 billion ($1.1 billion) returned to shareholders since listing.”

In July Quilter named Jenny Davidson as head of strategic propositions, responsible for defining the over-arching proposition for Quilter’s platform and investment solutions.