The group managing director of Quilter’s advice business, Stephen Gazard, will take over as chief executive of Quilter Financial Planning, subject to regulatory approval.
He replaces Andy Thompson who will leave the business at the end of June.
No details were provided around why he is stepping down.
Thompson joined Quilter as part of its acquisition of Intrinsic, having previously sold them his Blueprint businesses.
He became chief executive and joined the Quilter Executive committee in 2016.
The company said that, under his leadership, Quilter Financial Planning has grown and transformed considerably both organically and through acquisition to become one of the leading advice businesses in the UK.
Gazard joined Quilter Financial Planning in 2017 as group managing director.
He has over 23 years’ experience in the financial advice industry, having previously been managing director at Sesame Bankhall Group; where he played a pivotal role in restructuring and running the financial advice business.
Under his leadership, the next phase of Quilter Financial Planning’s strategy will focus on fully integrating the business and bringing it closer to the rest of the Quilter group.
Paul Feeney, chief executive of Quilter, said “Delivering trusted financial advice is central to everything we do and I want to thank Andy for the role he has played in building our advice business.
“As we move into the next phase of our journey, I’m delighted that we have such an able successor in Stephen Gazard to take over the reins.”
Thompson added: “I am incredibly proud of what we have created together as we have focused on serving customers and supporting advisers as a core part of the Quilter Group.
“Stephen Gazard is a proven leader in advice and will guide the business forward to its next more integrated phase.”
Gazard said: “It is an honour to be asked to lead Quilter Financial Planning through its next phase. We have huge potential to make trusted financial advice more accessible to ensure the best possible outcomes for customers”.