New Model Adviser - For professional financial planners

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Quilter CEO: the City has not tackled its addiction problem

The City of London has not tackled its problem with addiction, according to Quilter chief executive Paul Feeney.

The City of London has a problem with drugs and alcohol that is not being properly addressed, according to Quilter chief executive Paul Feeney. 

Speaking to Citywire at a special panel discussion on mental health and wellbeing in asset management, Feeney said that the square mile needed to do more to look beyond its walls for solutions to drug and alcohol problems among its staff.

'I don't think the City has ever dealt with the issue of addiction,' Feeney said.

'It certainly hasn't dealt with it well. Addiction is an issue right across the country, why would it be any different in the City – with a high pressured environment, it's more so.'

You can watch his comments above. 

Feeney first spoke of his own experience with mental health in an interview with New Model Adviser® producer Ollie Smith and Citywire chairman Lawrence Lever in October last year. In December, he then revealed to the BBC that his father had brought domestic abuse into his family. 

Speaking to an audience of IFAs and wealth managers at the Four Seasons in Hampshire two weeks ago, Feeney elaborated again, revealing that he had personally used Quilter's employee assistance programme during times of difficulty, and that his own family had been 'ravaged' by poor mental health, including periods of depression, eating disorders and addiction. 

Anyone going through a period of difficulty can contact the Samaritans at any time on 116 123. You can find more information on addiction support here

Share this story

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
More Content
7445.61 + 88 1.2% 01:36
More Content
More Content


Adviser Profile: Josh Matthews of Maseco Private Wealth

Adviser Profile: Josh Matthews of Maseco Private Wealth

Josh Matthews says a single-minded focus on clients married with a well-defined company culture has given Maseco Private Wealth purposefulness, momentum and a clear trajectory


Maggie & Mifid: Iron Lady’s legacy to investment advice

Maggie & Mifid: Iron Lady’s legacy to investment advice

Margaret Thatcher’s hope for a Britain in which owning shares is common has not come true, as much of the general public remains unaware of the value of advice