London-based Quilter, Old Mutual’s former wealth management business, grew its profit in 2022 despite the turmoil in global markets, which led to a drop in the value of assets overseen by the global asset-management industry.
The profit after tax of the company, valued at R27.7bn on the JSE, rose 13.6% year on year to £175m in its 2022 results for the year to end-December...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.