Quilter chairman Glyn Jones is to step down as chair and director of the firm next year.

He has served as chair of the wealth management and Financial Planning firm since November 2016 and oversaw the firm becoming a standalone listed company and rebranding in June 2018.

The Quilter board has recently seen a number of changes including the firm’s Financial Planning chair joining the main board in July this year. 

The firm has launched a hunt for a new chairperson to succeed Mr Jones, with senior independent director Ruth Markland leading the search.

Mr Jones said: "It has been an enormous privilege for me to serve as chair of Quilter since November 2016. I have greatly enjoyed leading a strong and diverse board, which has overseen Quilter's journey through IPO and the first few years as a listed company.

“Now that Quilter has been substantially simplified to focus on its core UK market, our future strategy and medium-term objectives are clear, and the board has recently been refreshed, I believe it is also time for a new chair.

“In the meantime, I remain fully committed to the company and look forward to continuing to work with my excellent board colleagues until my successor is appointed."