Feeney will step down from his role as chief executive and director on 31 October and will be on hand to “support an orderly transition”.
Quilter said the appointment of Levin was “in line with the board’s long-term succession plan”.
Levin has worked at Quilter and its predecessors since 1998, initially joining Old Mutual Group in Cape Town South Africa.
He then relocated to London in 2010 as group Old Mutual’s product and proposition director, before becoming managing director in 2011 of what would become Quilter plc.
Most recently Levin has been chief executive of Quilter Platform and Quilter Investors and has overseen the combination of Quilter’s Platform, asset management and advice businesses.
Quilter added that Levin has also launched ESG enhancements to its managed portfolio service offering as well as strategic review and disposal of Quilter Life Assurance for £425m in December 2019.
‘Transforming Quilter into a modern wealth manager’
Ruth Markland, Quilter chair, said: “On behalf of the board, I would like to express our deep gratitude to Paul for leading the business for the last decade and for transforming Quilter into the modern wealth manager it is today.
Levin added: “I am delighted to be asked by the Board to be the next Quilter chief executive officer and am excited by the opportunities for our business ahead.
“I am immensely grateful to Paul personally for his support over the years and to the board for the trust they have placed in me to lead the business. I am fortunate to be inheriting a strategically well positioned business with a strong balance sheet.”
Feeney commented: “After ten great years, it’s time to pass the baton. It has been my greatest privilege to have served as Quilter’s chief executive officer. I am immensely proud of what we have achieved, transforming the business from a predominantly closed life book business into the modern, publicly listed wealth manager it is today, with around £1bn returned to shareholders since listing.
“Having achieved what I set out to do, I believe that now is the right time for me to hand over to Steven, my very able successor, to take Quilter on the next stage of its incredible journey.”
