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Distribution director Goodsir to leave Quilter platform

Distribution director Goodsir to leave Quilter platform

Scott Goodsir is set to leave Quilter next year and relinquish his role as distribution director of the advice giant's platform business.

Mr Goodsir will leave Old Mutual Wealth, Quilter's platform business, in February after stepping down from the role of distribution director which he has held since 2014. 

He will be replaced by Karen Blatchford, who is currently head of product and marketing at the company's international arm, the company stated in an update today (November 12).

Quilter said Mr Goodsir was "taking time out of the industry before looking for his next challenge". 

The news comes weeks before the delayed second phase of Quilter's platform migration, which is due to take place over the final weekend in November. 

Mr Goodsir said: "I have been very lucky to work with some wonderful people in my time at Quilter and I am so proud of what we have achieved together.

"This business is primed and ready for the next exciting chapter and it makes perfect sense for me to hand the reins over to someone else to lead this next charge."

Ms Blatchford is set to take up the role on January 1 and will oversee sales and distribution of the Old Mutual Wealth platform and products, including its investment products and offshore bonds.

Prior to her career at Quilter, Ms Blatchford spent time as the sales and marketing director for retail investments at Legal & General Investment Management and partnerships director at Legal & General, including sales through the Cofunds Platform. 

Ms Blatchford said: "I believe it is a fantastic time to be a financial adviser and I’m looking forward to focusing on working with them to capitalise on the growth opportunities.

"I’m also incredibly excited to be joining our UK platform business as we adopt our new technology which will offer new capabilities to advisers and their clients underpinned by first class service."

Earlier this year Quilter increased the estimated budget for its long-awaited platform migration by £15m to £200m, with the process expected to complete early next year. 

The advice giant expects 80 per cent of its assets to have migrated by the end of 2020, having battled delays earlier this year as a result of the coronavirus pandemic. 

Steven Levin, chief executive of Old Mutual Wealth, said: "I would like to thank Scott Goodsir for his outstanding contribution to our business over the past seven years and I’m delighted that he will stay with us to complete the transition to our new platform, ensuring it lands safely with advisers.

"Karen’s experience and insight will be vital in helping deliver on our strategy to develop our platform collaboratively with advisers while continuing to build long-lasting strategic relationships with their businesses."

rachel.mortimer@ft.com 

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