Andrew MacKirdy joins the team managing Newton IM’s £8.3 billion Global Equity Income strategy
Newton Investment Management, part of BNY Mellon Investment Management, today announces the appointment of Andrew MacKirdy to its Global Equity Income team, effective immediately. Subject to any necessary regulatory and fund board approvals, Andrew will become a named portfolio manager alongside lead manager, Nick Clay.
Andrew holds over two decades of investment experience and a strong background in global equity investing. He joins Newton IM from Polar Capital where he played a central role in designing and managing global equity investment strategies. Prior to this, Andrew held various investment roles at Lansdowne Partners, Baillie Gifford and Franklin Templeton.
Julian Lyne, chief commercial officer at Newton IM, commented: The Newton Global Income Fund one of the firm’s flagship global strategies and its focus on sustainable dividends has given the strategy notable resilience in difficult market conditions. Andrew has a strong and disciplined approach to investing and analysis, which is very closely aligned to the investment approach of Newton IM’s Global Equity Income team. He brings with him a wealth of experience and will play an integral role in idea generation and portfolio construction.
Newton Global Equity Income is a conviction-based strategy with no regional or sector constraints, which focuses on sustainable and growing dividends. It employs a transparent, disciplined and repeatable process with buy and sell disciplines based on valuation. It is managed using a team-based approach led by Nick Clay, alongside Robert Canepa-Anson, Colin Rutter and Raj Shant, in conjunction with the firm’s 29-stong global research team.
Notes to editors:
Andrew MacKirdy has over two decades of investment experience managing successful global, EAFE and emerging market funds. He joins Newton IM from Polar Capital where he played a central role in designing and managing global equity investments. Prior to this, he was a member of the European strategy team at Lansdowne Partners and managed EAFE and emerging market portfolios at Baillie Gifford. During his time at Franklin Templeton, Andrew managed the Templeton Global Fund. Andrew has a BAcc in Accountancy from the University of Dundee and a MSc in Accounting and Finance from London School of Economics and Political Science.
Newton Investment Management Ltd (NIM) is a London-based global investment management subsidiary of The Bank of New York Mellon Corporation. NIM and Newton Investment Management (North America) Limited (NIMNA) are authorised and regulated by the Financial Conduct Authority. NIMNA is also registered with the US Securities and Exchange Commission. Registered address, The Bank of New York Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England No. 01371973 (NIM) and No. 2675952 (NIMNA).
With assets under management of £50.8 billion as at June 30, 2018, Newton provides investment products and services to a wide range of clients, including pension funds, charities, corporations and (via BNY Mellon) individuals. News and other information about Newton is available at www.newtonim.com and via Twitter: @NewtonIM.
BNY Mellon Investment Management is one of the world’s leading investment management organizations and one of the top U.S. wealth managers, with US$1.8 trillion in assets under management as of June 30, 2018. It encompasses BNY Mellon’s affiliated investment management firms, wealth management services and global distribution companies. BNY Mellon Investment Management is a division of BNY Mellon, which has US$33.6 trillion in assets under custody and/or administration as of June 30, 2018. 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.
Unless otherwise stated herein all information sourced by BNY Mellon as of 25 September 2018. 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. This press release is issued by BNY Mellon Investment Management EMEA Limited to members of the financial press and media and the information contained herein should not be construed as investment advice. The value of investments can fall. Investors may not get back the amount invested. Income from investments may vary and is not guaranteed. Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA) or affiliated fund operating companies to undertake portfolio management activities in relation to products and services provided to clients of BNYMIM EMEA or investors in BNY Mellon funds. Registered office of BNY Mellon Investment Management EMEA Limited: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorized and regulated by the Financial Conduct Authority. A BNY Mellon Company