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Ukraine: a statement from Paul Feeney

Statement from Paul Feeney, CEO, Quilter

Many of us, myself included, have felt a shared sense of horror over the terrible events unfolding in Ukraine, and the resulting humanitarian crisis. It is vital that businesses in the UK come together swiftly to assist in efforts to provide humanitarian relief to those remaining in Ukraine and those fleeing the conflict.

The Quilter Foundation and Quilter employees are supporting the appeal from the Disasters Emergency Committee, donating £150,000 as of 14th March 2022 and we will continue to look for other ways in which we can provide support.

We wholeheartedly condemn the use of violence against Ukraine and its citizens, and on behalf of everyone at Quilter I wish to convey our support for the people of Ukraine and the many Russians who do not support the actions of this regime.


The recent military action Russia has taken against Ukraine, along with the multitude of global sanctions, have destabilised the markets in Russia and Belarus, making those countries uninvestable.

Quilter’s exposure to Russian equities and bonds is negligible and as responsible stewards of our clients’ capital we have taken the decision to implement a ban on the purchasing of Russian and Belarusian bonds or equities via our investment businesses, Quilter Investors or Quilter Cheviot. There is no case for increasing exposure to these securities and we believe this decision is in the best interests of our clients.

Within Quilter Investors multi-asset portfolios, we have made the decision to write down our very limited exposure to Russian securities to a price that is effectively zero and we have established a process for either divesting this exposure or engaging with third party managers, about how they plan on handling any exposures, while taking into account the best interest of our clients and their expectation of Quilter as a responsible manager.

We also make funds from other providers available through our investment platform, where we provide access to clear fund information and tools to help advisers complete their own research.

The situation remains fluid and we have a dedicated team of investment professionals actively monitoring the developments, positioning of our portfolios, and potential impact to clients.

Clearly the humanitarian crisis and the fate of the Ukrainian people is what matters most at this stage, but it is important that we manage our clients’ assets in a responsible manner which is consistent with international measures against this unprovoked attack on Ukraine.

Paul Feeney