Newton Investment Manager (BNY Mellon) Creates New Management Structure, New CIO
Newton Investment Management managing A$90 billion and part of BNY Mellon Investment Management, has introduced a new management structure.
Newton IM’s management team will include a Chief Executive Officer, Chief Investment Officer (new), Chief Operating Officer, Chief Risk Officer and Chief Commercial Officer.
” Newton Investment Manager Creates New Management Structure, and a New CIO Role “
The firm has created the new role of Chief Investment Officer, filled by Curt Custard and will join Newton IM’s Board. He was from UBS Asset Management, where he was group managing director and head of investment solutions in London and Chicago and head of multi-asset at Schroders Investment Management.
Julian Lyne, currently Global Head of Distribution, has been promoted to take on the expanded role as Chief Commercial Officer, which will include responsibility for the firm’s client relationship area. Andrew Downs and James Helby remain as Chief Operating Officer and Chief Risk Officer respectively.
“This new management structure, including the appointment of a Chief Investment Officer, is being announced as Newton IM prepares to grow its global footprint,” commented Hanneke Smits, Chief Executive Officer of Newton IM. “It builds on our investment philosophy and process and reflects the Board’s, including my own, commitment to reinforcing governance for the next stage of growth. I am pleased to welcome Curt to Newton IM.”
Source: Official Press Release
The Bank of New York Mellon Corporation, commonly referred to as BNY Mellon, is an American worldwide banking and financial services corporation formed on July 1, 2007, as a result of the merger of The Bank of New York and Mellon Financial Corporation. BNY Mellon is the world’s largest custodian bank with more than $29.5 trillion in assets in custody. It also has over $1.664 trillion in assets under management. The Bank of New York is the oldest banking corporation in the United States, and the 20th oldest bank in the world, having been established on June 9, 1784, by American Founding Father Alexander Hamilton.
- Origin: New York, United States
- Assets: US$393.7 billion
- Revenue: US$ 15.2 billion
- Employees 51,200
Official Website: www.bnymellon.com
News & Media: Press Release
Updated on 8th August 2016