Tokyo, March 1, 2023 – Newton Investment Management (Newton) announces today the completion of the integration of BNY Mellon Investment Management’s (BNY Mellon IM) Japan equity team into Newton. This integration is the culmination of BNY Mellon IM’s initiative announced in 2021 to expand Newton’s global equities and multi-asset capabilities and industry-leading global research platform.
Kazuya Kurosawa, Head of Japan Equity Team, will continue to lead the Japan equity strategies as Director and Head of Investment in the newly established Newton Japan, which consists of 10 staff members, including five investment professionals managing three strategies:
- Japan Small Cap Equity, with USD1.36bn in AUM* – a concentrated, high-conviction Japanese small cap equity portfolio that seeks to generate alpha by bottom-up selection
- Japan All Cap Equity, with USD97mn in AUM* – aims to generate mid- to long-term growth by investing in both equities and futures to manage risks
- Womenomics Japan Equity, with USD7mn in AUM* – a strategy that aims to capture the opportunities arising from the growing economic power of women
Euan Munro, Chief Executive Officer, Newton Investment Management, said:
“We are delighted to complete the integration of BNY Mellon IM’s highly regarded Japan equity team into Newton. Not only does this augment the global investment capabilities that Newton offers, but the addition of this seasoned Japanese investment team will also enhance our idea generation and investment decision process within our multi-dimensional research platform.”
We are delighted to complete the integration of BNY Mellon IM’s highly regarded Japan equity team into Newton. Not only does this augment the global investment capabilities that Newton offers, but the addition of this seasoned Japanese investment team will also enhance our idea generation and investment decision process within our multi-dimensional research platform.Euan Munro, Chief Executive Officer, Newton Investment Management
Katsutoshi Endo, Representative Director, President of BNY Mellon Investment Management Japan, said:
“This is the final step in repositioning BNY Mellon Investment Management’s equity and multi-asset capabilities within Newton to create a global investment firm. While the Japan equity team, investment process and philosophy for existing clients won’t change, we are confident that the ability to leverage Newton’s fundamental and quantitative research expertise will bring significant value to our existing clients in these strategies.”
Note to Editors
About Newton Investment Management Group:
The Newton Investment Management Group is used to collectively describe a group of affiliated companies that provide investment management services under the brand name ‘Newton’ or ‘Newton Investment Management’. Investment management services are provided in the United Kingdom by Newton Investment Management Ltd (NIM), in the United States by Newton Investment Management North America LLC (NIMNA), and in Japan by Newton Investment Management Japan Limited (NIMJ). All firms are indirect subsidiaries of The Bank of New York Mellon Corporation (“BNY Mellon”).
NIM is authorised and regulated in the UK by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN, and registered in England and Wales (no. 01371973). The Registered Office for NIM is The Bank Of New York Mellon Centre, 160 Queen Victoria Street, London EC4V 4LA, United Kingdom. NIM is also registered in the US as an investment adviser under the Investment Advisers Act of 1940. NIMNA is an investment adviser registered with the SEC pursuant to the Investment Advisers Act of 1940 and NIMJ is licenced by the Japanese Financial Services Agency.
Personnel of certain of our BNY Mellon affiliates may act as: (i) registered representatives of BNY Mellon Securities Corporation (in its capacity as a registered broker-dealer) to offer securities, (ii) officers of the Bank of New York Mellon (a New York chartered bank) to offer bank-maintained collective investment funds, (iii) BNY Mellon Securities Corporation (in its capacity as a registered investment adviser) to offer separately managed accounts managed by BNY Mellon Investment Management firms, including NIM & NIMNA, and (iv) representatives of Newton Americas, a Division of BNY Mellon Securities Corporation, U.S. Distributor of Newton Investment Management.
Assets under management as $100.3billion as of 31 December 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 December 31, 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 December 31, 2022, BNY Mellon had $44.3 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.
* AUM as of January 31, 2023