The 2019 Newton investment conference | 14 Nov 2019

Agenda

Introduction
Hanneke Smits,
Chief executive officer
Session overview

 

Demographics and disruption
Charles French,
Deputy chief investment officer
Emily Heaven,
Global analyst, healthcare
Edward Geall,
Thematic analyst
Guest speaker: George Ploubidis
, Professor of population health and statistics, UCL
Presentation and session highlights

 

The portfolio perspective
Charles French, Deputy chief investment officer
Suzanne Hutchins,
Investment leader, Real Return team
Paul Markham,
Portfolio manager, Global Equity team
Jon Day,
Portfolio manager, Fixed Income team
Presentation and session highlights

 

Making noise (responsibly)
Rob Stewart, Head of responsible investment research
Guest speaker: Greg Davies, Head of behavioural science, Oxford Risk
Presentation and session highlights

 

Staying joined-up in a dislocated world
Julian Lyne, Chief commercial officer
Curt Custard, Chief investment officer
Guest speaker: Nico Aspinall, Chief investment officer, B&CE, provider of The People’s Pension
Guest speaker: Paul Watson, Professional trustee, Capital Cranfield
Session highlights

Introduction

 

One of the greatest challenges facing investors is the startling rate of disruption occurring around the world – in economies, financial markets and political spheres. Amid such disruption, traditional patterns are breaking down, and investors need new ways of thinking about the influences on their fortunes.

At our conference, we explored the various forms of disruption, from shifts in demographics to environmental, social and governance factors, and the rapidly evolving world of securities dealing. We looked at the implications for portfolio construction, and considered how we can determine opportunities and risks in a dislocated world.

Hanneke Smits
Chief executive officer

Hanneke Smits
Hanneke Smits is the CEO of Newton Investment Management, a role which she assumed in 2016. She is a member of the Newton Investment Management Limited (NIM) and Newton Investment Management (North America) Limited (NIMNA) boards. Hanneke is a member of The Investment Association’s board, the trade body that represents UK investment managers. She previously served as a member of the Executive Committee at private equity firm Adams Street Partners from 2001 to 2014, and was its Chief Investment Officer from 2008 to 2014. She joined Adams Street in 1997 to successfully launch its presence in Europe and Asia, and to build out its global investment capabilities. In addition, she was an investment manager at Pantheon Ventures, and worked for Philips China Hong Kong Group. Hanneke is a Non-Executive Director to the Court of the Bank of England; Hanneke also chairs Impetus, a charity focused on transforming the lives of young people from disadvantaged backgrounds. As part of this appointment, she is Trustee of the Education Endowment Foundation (EEF), founded in 2011 by The Sutton Trust in partnership with Impetus. Originally from the Netherlands, she has a BBA from Nijenrode University and a MBA from the London Business School.

Demographics and disruption

 

Among the major forces of change in the world, demographics are among the most important. In both developed and developing economies, population dynamics are changing in significant ways, and this is giving rise to a range of structural growth opportunities and risks. We looked at two particular aspects of these trends – ageing and urbanisation – and explored their implications for investors.

Charles French
Deputy chief investment officer

Charles French
Charles French is Deputy Chief Investment Officer at Newton, providing leadership on investment process and strategy which includes responsibility for Newton’s thematic investment process and framework. Charles also has responsibility for Newton’s multi-asset investment team and oversight of the Responsible Investment team. Prior to his current responsibilities Charles was co-head of research at Newton and a global industry analyst within this team. He joined Newton in 2000.

Prior to joining Newton, Charles worked in KPMG's financial business division where he gained his professional qualifications, becoming a member of the Institute of Chartered Accountants.

Emily Heaven
Global analyst, healthcare

Emily Heaven
Emily is an analyst specialising in the healthcare sector, she also co-chairs the Healthy Demand themes group. Prior to joining the research team, Emily was an assistant investment manager on the US equities desk. Emily joined Newton in 2010. She has passed all three levels of the Chartered Financial Analyst (CFA*) qualification. Emily has a BA in Classics from Exeter College, Oxford.

Edward Geall
Thematic analyst

Ed Geal
Edward is a thematic analyst at Newton, covering all sectors and asset classes within the company’s remit. His duties include helping to inform Newton’s thematic investment process and positioning. He works alongside all of Newton’s investment teams, ensuring that research output is relevant to the needs of portfolio managers and global sector analysts. Prior to joining in June 2018, Edward worked for Newton’s parent company, BNY Mellon Investment Management EMEA, and taught at the University of Warwick for two years. He holds a first class honours degree in History, an MSt (Master of Studies) from the University of Oxford, and a PhD from the University of Warwick.

George Ploubidis
Professor of population health and statistics, UCL

George Ploubidis
George is Professor of Population Health and Statistics at the Department of Social Science at UCL, and currently holds the posts of Research Director and Chief Statistician at the Centre for Longitudinal Studies. Prior to joining UCL, he held posts at the London School of Hygiene and Tropical Medicine and the University of Cambridge. George is a multidisciplinary quantitative social scientist with a primary interest in socio-economic, demographic and macrosocial/structural determinants of population health and the mechanisms that link these over the life course. He investigates determinants of healthy behaviours and lifestyles and the intergenerational transmission of economic status.

The portfolio perspective

 

Alongside demographics, a number of notable influences are shaping investors’ fortunes, with established norms being challenged across economies, financial markets and political arenas. We investigated what these key areas of change entail, and we explained how fixed-income, equity and multi-asset strategies can be managed to take account of associated opportunities and risks.

Charles French
Deputy chief investment officer

Charles French
Charles French is Deputy Chief Investment Officer at Newton, providing leadership on investment process and strategy which includes responsibility for Newton’s thematic investment process and framework. Charles also has responsibility for Newton’s multi-asset investment team and oversight of the Responsible Investment team.

Prior to his current responsibilities Charles was co-head of research at Newton and a global industry analyst within this team. He joined Newton in 2000.Prior to joining Newton, Charles worked in KPMG's financial business division where he gained his professional qualifications, becoming a member of the Institute of Chartered Accountants.

Suzanne Hutchins
Investment leader, Real Return team

Suzanne Hutchins
Suzanne is a global portfolio manager of the Real Return strategy and leader of the Real Return team. She chairs the formal weekly team meeting and, together with Aron and Andy, Suzanne is responsible for the final capital allocation decisions on the strategy. Suzanne started her career at Newton in 1991 as a global research analyst before working directly with Stewart Newton on multi-asset and RPI-based strategies and leading on the UK and Intrepid team. In 2005, Suzanne joined Capital International, before returning to Newton to focus on the Real Return strategy. She is an associate member of the CFA* and UK Society of Investment Professionals (UKSIP) and graduated from University College London with a First Class BA (Hons) degree.

Paul Markham
Portfolio manager, Global Equity team

Paul Markham
Paul is one of Newton’s most experienced equity investors, managing a selection of global and regional equity mandates. In addition to portfolio management responsibilities, Paul helps shape Newton’s global thematic process as a chair of the Healthy Demand group, which establishes the thematic backdrop to set the scene for potential investment opportunities across healthcare and related areas. He has been part of the Global Equity team for more than 18 years and is a member of the global ex-US model group. Prior to joining Newton in 1998, Paul worked in capital markets with Morgan Stanley.

Jon Day
Portfolio manager, Fixed Income team

Jon Day
Jon is a global bond portfolio manager and representative for the Fixed Income team in relation to Newton’s multi-asset strategies. He has also developed several econometric models for credit markets and other data. Jon joined the fixed income team at Newton in 2002, prior to which he qualified as a chartered accountant at KPMG, where he was a member of the audit department and specialised in the financial services industry. He became a CFA* charterholder in 2005.

Making noise (responsibly)

 

Climate change. Plastics in the ocean. Income inequality. Overpaid CEOs. Environmental, social and governance-related headlines can seem relentlessly negative; but there are reasons to be optimistic. We explored the motivations for investing responsibly, and we demonstrated how active investors can use the tools at their disposal to drive corporate behaviour.
making-noise

Session presentation


Session videos


Rob Stewart
Head of responsible investment research

Rob Stewart
Rob leads the Responsible Investment Team and also Charity Investment at Newton. Apart from these leadership roles he manages a number of portfolios which have an ethical/SRI mandate. He joined Newton in 2003, prior to which he acquired a range of experience at Goldman Sachs. Previously he worked at CIN Management as both a Japanese and UK portfolio manager. Rob is a Governor of a London school which has charitable status.

Greg Davies
Head of behavioural science, Oxford Risk

Greg Davies
Greg is a specialist in applied behavioural finance, decision science, social impact investing, and financial wellbeing. He started the banking world’s first behavioural finance team at Barclays in 2006, which he led for a decade. In 2017, he joined Oxford Risk to lead the development of behavioural decision support software to help people make the best possible financial decisions. Greg holds a PhD in Behavioural Decision Theory from Cambridge, has held academic affiliations at UCL, Imperial College, and Oxford, and is author of Behavioral Investment Management. He is Chair of Sound and Music, the UK’s national charity for new music, and the creator of Open Outcry, a ‘reality opera’ premiered in London in 2012, creating live performance from a functioning trading floor.

Staying joined-up in a dislocated world

 

We live in a disrupted and often dislocated world. Changes to the investment backdrop appear to be occurring at breakneck speed, whether in relation to economies, financial-market dynamics, geopolitics and policymaking, or environmental, social and governance factors. We explored the related concerns and aspirations of our audience, and we considered how investors can stay joined up amid the challenges they face.

Session video

Julian Lyne
Chief commercial officer

Julian Lyne
Julian is a member of Newton’s executive management committee with responsibility for all aspects of global distribution, client relationship management and marketing. He joined Newton in 2014 to lead the global consultant relations and UK institutional business development team. Prior to joining Newton, Julian was head of institutional business at F&C. Throughout his career he has held various roles covering client and consultant relations across both DC and DB arrangements.

Curt Custard
Chief investment officer

Curt Custard
Curt joined Newton in 2017 to lead the firm’s investment teams, including portfolio managers, research analysts and the trading function. He is responsible for all aspects of Newton’s global investment processes, and is a member of the executive management committee. Prior to joining Newton Curt was head of the Global Investment Solutions division of UBS Asset Management where he oversaw a 130+ person investment team in five locations. He has also held similar investment roles at Schroders and Allianz Global Investors.

Nico Aspinall
Chief investment officer, B&CE, provider of The People’s Pension

Nico Aspinall
Nico is the Chief investment officer for B&CE, which includes The People’s Pension, one of the largest auto-enrolment providers in the UK. Prior to this role, he was an independent DC consultant working within the investment management industry, spending his time helping investment managers to understand the norms and trends in the DC market, and analysing how their propositions could participate in the growth of DC savings. Before starting his consultancy, he was Head of DC investment consulting for Willis Towers Watson and Head of DC and Communications for the Barclays UKRF, one of the largest DC schemes in the UK. Nico qualified as a Fellow of the Institute and Faculty of Actuaries in 2009. He is a member of its Council and Resource and Environment Board. He received a masters in theoretical physics from the University of Cambridge in 2004.

Paul Watson
Professional trustee, Capital Cranfield

Paul Watson
Paul, a qualified actuary, joined Capital Cranfield in 2019 after over 20 years as an investment consultant to trustees and sponsors of occupational Defined Benefit and Defined Contribution pension schemes (most recently as a Partner at Mercer). His work has given him considerable governance experience across a breadth of scheme sizes and solutions with both private and public companies. Paul brings deep experience of investment strategies (both advisory and fiduciary mandates), as well as liability-driven investments, cash-flow-driven approaches and bulk annuities (both buy-ins and buy-outs). Complementing his investment expertise, he has a deep understanding of pension scheme management – from day-to-day operations to high level strategy and stakeholder management.

* CFA and Chartered Financial Analyst are registered trademarks owned by CFA Institute.

Event organisers

Isabelle Heath

Marketing associate

+44 (0) 20 7163 2217

Lavinia Dawkins

UK marketing manager

+44 (0) 20 7163 8251

Venue

The Royal Academy of Arts
6 Burlington Gardens
London
W1S 3ET

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