Newton Investment Management (“Newton”), part of BNY Mellon Investment Management, today announces the appointment of Paul Birchenough and Ian Smith to its emerging-market and Asian equities franchise on 19 October. Paul and Ian join Newton from AXA Investment Managers where they co-managed the AXA Framlington global emerging markets funds. Prior to this, they worked at global emerging markets equity specialist hedge fund, Nevsky Capital.
Emerging-market and Asian equities are a core part of Newton’s capabilities. Paul and Ian are highly experienced investment professionals that share our focus on fundamental stock selection and, importantly, our strong conviction for investing with a long-term, thematic approach and full ESG integration. They are joining Newton as we continue to grow our proposition in the asset class and we look forward to welcoming them.Curt Custard, chief investment officer at Newton
Emerging-market and Asian equities can contribute to investors’ portfolios through superior growth prospects and overall equity outperformance. We believe that successful investing in the asset class is best achieved through a highly active and concentrated portfolio, which focuses on rigorous stock-specific analysis, combined with our long-standing thematic and ESG-integrated investment approach. Paul and Ian have extensive expertise in all of these areas and will be a significant addition to Newton’s investment team.Julian Lyne, chief commercial officer at Newton
Paul and Ian will, alongside Sophia Whitbread, co-lead Newton’s £1.5 billion emerging-market and Asian equities strategies, including the BNY Mellon Global Emerging Markets Fund. They will be supported by investment analyst, Sahil Mali, and the wider equity opportunities team.
Rob Marshall-Lee, lead portfolio manager of emerging-market and Asian equities at Newton, will be leaving the firm at the end of November. Curt added,
We are grateful for Rob’s contribution to the firm over the last 21 years and we wish him all the best in the future.Curt Custard, chief investment officer at Newton
In addition to Newton’s recent portfolio management hires, Newton has also recruited three analysts to join its central research team, which continues to be the engine of its idea generation across all of its investment strategies. Connor Middleton joins as global financials analyst from JP Morgan, Fei Zhou Chen joins as a global analyst from PriceWaterhouseCoopers and Jonny Urwin joins from UBS as global insurance analyst.
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Prior to joining Newton, Paul was co-lead portfolio manager of Axa Framlington’s global emerging markets capabilities. Before that, he was a Latin America investment analyst at Nevsky Capital, where he met Ian Smith. Paul began his career at KPMG in the audit, transaction services and corporate finance teams covering the technology, media, and telecom (TMT) sector. Paul is a chartered accountant and attended the University of Nottingham where he studied mathematics.
Ian was co-lead portfolio manager of Axa Framlington’s global emerging markets capabilities. Prior to this, he was a financials analyst at Matrix Group and Nevsky Capital. Ian began his career doing corporate finance and M&A at a number of leading accountancy firms and investment banks. Ian is a chartered accountant and has a degree in Economics and Politics from Durham University.
Unless otherwise specified herein, all information sourced by BNY Mellon as of 5 October, 2020. This press release is qualified for issuance in the UK and Europe and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA), BNY Mellon Fund Management (Luxembourg) S.A. (BNY MFML) or affiliated fund operating companies to undertake portfolio management activities in relation to contracts for products and services entered into by clients with BNYMIM EMEA, BNY MFML or the BNY Mellon funds.
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The Bank of New York Mellon Corporation (“BNY Mellon”) (NYSE: BK) announced today that Mitchell Harris, CEO of BNY Mellon Investment Management, which includes the Wealth and Investment Management businesses, has announced his intention to retire effective October 1, 2020. The Company has appointed Hanneke Smits as CEO of BNY Mellon Investment Management, and Catherine Keating will continue in her role as CEO of BNY Mellon Wealth Management. Both Ms. Smits and Ms. Keating, leading their respective parts of the Investment and Wealth Management business, will report Todd Gibbons, CEO of BNY Mellon, and Ms. Smits will join BNY Mellon’s Executive Committee.
Mitchell has been instrumental in driving our Investment Management business over the last four years as CEO and we wish him all the best in retirement. During a period of tremendous change in the investment landscape, he helped reposition our multi-boutique model and launch new investment capabilities, leaving us well positioned to meet the evolving investment needs of our clients. We are delighted to elevate Hanneke into the CEO role for Investment Management. She has spearheaded Newton’s business momentum and client-centric culture, and we look forward to her leadership within Investment Management. Mitchell has cultivated a strong bench of leaders, including Hanneke and Catherine, who will continue to drive the execution of our strategic priorities to deliver leading investment solutions to our clients underpinned by exceptional investment performance.Todd Gibbons, CEO of BNY Mellon IM
I am deeply honored to serve as CEO of BNY Mellon Investment Management. We have made great progress in building a diversified investment portfolio to help our clients achieve their investment goals. We will build on this strong foundation to continue to drive performance and innovation across our investment products, while also serving as a trusted partner for our clients in today’s rapidly changing investment environment.Hanneke Smits, CEO of Newton Investment Management
Ms. Smits will continue as CEO of Newton until October 1 and a search is currently underway to replace her as CEO of Newton. Over the next several months, Mitchell will work closely with Hanneke and Catherine to ensure a smooth transition of leadership.
Ms. Smits has been CEO of Newton Investment Management, a subsidiary of The Bank of New York Mellon Corporation, since August 2016. Her career spans close to three decades in financial services, including serving as a member of the Executive Committee at private equity firm Adams Street Partners from 2001 to 2014, and Chief Investment Officer from 2008 to 2014. Hanneke is a Non-Executive Director to the Court of the Bank of England and serves on the board of the Investment Association. She is Chair of Impetus a venture philanthropy organization that supports charities that aim to transform the lives of disadvantaged young people, and as part of this appointment, she is Trustee of the Education Endowment Foundation, founded in 2011 by The Sutton Trust in partnership with Impetus. She is co-founder and former Chair of Level 20, a not-for-profit organization set up in 2015 to inspire women to join and succeed in the private equity industry. Originally from the Netherlands, Hanneke has a BBA from Nijenrode University and a MBA from the London Business School.
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