Newton appoints new independent non-executive board chair

London, 8 November 2022 – Newton Investment Management (Newton), part of BNY Mellon Investment Management, has today announced the appointment of Judy Marlinski, an independent non-executive board member, as the new chair of Newton Investment Management Limited (UK board) and Newton Investment Management North America, LLC (US board), effective 4 November 2022. Judy has served as an independent non-executive board member of the UK and US boards since July 2022. Judy s쳮ds Susan Noble as chair of the UK board, who is stepping down after serving eight years as a board member and five years as its chair.

Judy’s appointment as chair for Newton’s UK and US boards supports the expansion of Newton’s US business following the integration of Mellon’s equity and multi asset capabilities in September 2021. Judy will help to ensure coordination across Newton UK and Newton US in the setting and implementing of Newton’s strategy.

Judy has 35 years of experience in financial services, having held the CEO, President and COO positions within the investment management and wealth management industries of Fidelity Investments, including as President and CEO of Fidelity Investments Japan from 2011 to 2016 and President of Fidelity Institutional Asset Management from 2017 to 2020. During her tenure with Fidelity Investments, she was a director for several regulatory boards across the firm’s businesses. She was also named one of the “25 Most Influential Women in Asset Management” by Asian Investor Magazine, 2014.

Euan Munro, CEO of Newton, commented: “We’re delighted that Judy has been appointed chair of the Newton Investment Management Limited and Newton Investment Management North America, LLC boards. She brings a tremendous amount of global experience and pedigree to this role which will be invaluable as we continue to meet the needs of our clients through an expanded global platform.”

“A big thank you to Susan for her eight years of service as a board member. Her counsel and leadership have made a significant contribution in shaping Newton’s growth, and we wish her all the best for the next stage of her career.”

We’re delighted that Judy has been appointed chair of the Newton Investment Management Limited and Newton Investment Management North America, LLC boards. She brings a tremendous amount of global experience and pedigree to this role which will be invaluable as we continue to meet the needs of our clients through an expanded global platform.

Euan Munro, Chief Executive Officer

A big thank you to Susan for her eight years of service as a board member. Her counsel and leadership have made a significant contribution in shaping Newton’s growth, and we wish her all the best for the next stage of her career.”

Euan Munro, Chief Executive Officer

Note to Editors

Biography

Judy Marlinski joined Fidelity Investments in 1986, and after 35 years retired in 2021. During her extensive experience in financial services, including 25 years working across international markets, she has held positions as CEO, President and COO within the investment management and wealth management industries, including a tenure as President and CEO of Fidelity Investments Japan from 2011 to 2016. She was also named one of the “25 Most Influential Women in Asset Management” by Asian Investor Magazine, 2014.

Judy’s exemplary leadership and organisation management skills has gained her appointments on numerous Fidelity Investment committees including its Global Asset Management Compensation committee, Global Ethics committee, US Technology Advisory Council, and as the Executive sponsor for the Fidelity Institutional Diversity & Inclusion Initiative, a recognition of her leadership in advancing the careers and products offered to women and under-represented groups. During her Fidelity Investments tenure, she was a Director for several regulatory boards, governing operating and investment advisory businesses.

Judy graduated from Cornell University with a BSc in Business Management and Marketing and also completed a Master of Business Administration, with honours, from Boston University. She recently attended “Women on Boards: S쳮ding as a Corporate Director” at Harvard Business School.

About Newton Investment Management Group

“Newton Investment Management Group” is a corporate brand which refers to the following group of affiliated companies: Newton Investment Management Limited (NIM) and Newton Investment Management North America, LLC (NIMNA). In the United Kingdom, NIM is authorised and regulated by the Financial Conduct Authority (‘FCA’), 12 Endeavour Square, London, E20 1JN, in the conduct of investment business. Registered in England no. 01371973. NIM and NIMNA are both registered as investment advisors with the Securities & Exchange Commission (‘SEC’) to offer investment advisory services in the United States. NIM and NIMNA’s investment businesses in the United States is described in Form ADV, Part 1 and 2, which can be obtained from the SEC.gov website or obtained upon request. Both firms are indirect subsidiaries of The Bank of New York Mellon Corporation (“BNY Mellon”).

Newton Investment Management Group provides discretionary and non-discretionary investment advice to institutional clients, including US and global pension funds, sovereign wealth funds, central banks, endowments, foundations, insurance companies, registered mutual funds, other pooled investment vehicles and other institutions. Its current office locations include London, Boston, New York and San Francisco.

Assets under management estimated as $98.7bn as at 30 September 2022, including combined assets managed by Newton Investment Management Limited and Newton Investment Management North America LLC. In addition, AUM for Newton Investment Management Group includes assets of bank-maintained collective investment funds for which NIM or NIMNA has been appointed sub-advisor, where Newton Investment Management Group personnel act as dual officers of affiliated companies and assets of wrap fee account(s) for which Newton Investment Management Group provides sub-advisory services to the primary manager of the wrap program.

News and other information about Newton is available at www.newtonim.com and via Twitter: @NewtonIM

About BNY Mellon Investment Management

BNY Mellon Investment Management is one of the world’s largest asset managers, with $1.8 trillion in assets under management as of September 30, 2022. Through an investor-first approach, BNY Mellon Investment Management brings to clients the best of both worlds: specialist expertise from seven investment firms offering solutions across every major asset class, backed by the strength, stability, and global presence of BNY Mellon. Additional information on BNY Mellon Investment Management is available on www.bnymellonim.com.

BNY Mellon Investment Management is a division of BNY Mellon. BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of September 30, 2022, BNY Mellon had $42.2 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

It took several years for me to realise that there was something ‘different’ about me. Some of the other children at primary school were the first to point out that my skin was brown compared to theirs. I genuinely had not noticed until then. I had always just assumed that I was the same as everybody else. Thinking back now, my primary school (in the historic county of Middlesex which got absorbed into Greater London) was probably around 99% white at the time.

Then it all started to dawn on me gradually. My classmates’ grandmothers didn’t come to pick them up from school wearing colourful saris, didn’t get excited during Alphonso mango season, and didn’t take them on lengthy detours on the way back from Brent Cross shopping centre to procure samosas and Indian sweets.

Once I did become aware of my mixed-race status, there was a period of time during which I was, perhaps, slightly embarrassed about it. I think this boiled down to the fact that I didn’t want to stand out as being different. I just wanted to blend in with the other kids.

I feel English. I always have. I was born in England. My surname is English. I consider my late father and his parents to have been very ‘middle England’. I didn’t set foot on Indian soil until I was in my 20s. My mother was born in India but came to England as a young child. She doesn’t speak any Indian languages. She speaks English with an English accent and she wears Western clothes. She was the only Indian pupil at her school when she started there (in the late 1950s), and her sister was the second. Consequently, she is a very anglicised Indian.

Even though the UK has become more and more diverse over the last few decades, looking a bit brown still means being asked where you’re from. People are never content with your first answer, and I do get exasperated by people thinking I am less English than them. They will follow up with a “Where are you from originally?” [Translation: brown people do not come from London, you cannot be telling the truth.] A (blue-eyed) school friend of mine, whose mother is Austrian, has never experienced this even though she is no more English than I am. The amount I’m complimented on my ‘tan’ still surprises (annoys) me too. [Me (silently): “Er, this is not actually a tan; it’s just my natural skin colour. Perhaps it has escaped your notice that skin comes in many different shades. Not just a) white and b) suntanned. Did you never see a Benetton advert?!”]. Oh well, I guess it just comes with the territory. There are pros and cons. My half-Austrian friend has never had her Englishness called into question, but I have never needed to go for a spray tan.

People have never been good at guessing what my mix is, and I enjoy being ethnically ambiguous. Everyone loves a guessing game, don’t they? I have been asked if I am: French, Spanish, Italian, Portuguese, Cuban, South American, Aborigine, Maori, or native American. Hours of fun. It has rarely happened (if ever) that anyone has correctly detected that I am half English and half Indian. This always used to make me feel exotic and mysterious, which I liked. As I got older, I learned that having an Indian half was something to be proud of and nothing to be embarrassed about. I like having an Indian half. It has enriched my life and it made me unique among my friends, in both the way I look and the perspective it gave me. I like the mix of cultures I have grown up with and I think it has made me an open-minded person.