Ami Shah joins from Wellington Management

Newton Investment Management (Newton), part of BNY Mellon Investment Management, today announced the appointment of Ami Shah as UK equity income portfolio manager. Ami joined Newton at the beginning of January and subject to certification, he will co-lead manage the Newton UK Equity Income strategy and the BNY Mellon UK Income fund.

Ami joins from Wellington Management, where he was a portfolio manager and research analyst. He was a member of the Wellington’s value team, which has responsibility for managing roughly $65bn for institutional clients across a broad range of income and value equity mandates. Ami brings with him a track record of alpha generation as a lead manager of diversified and sector-specific equity portfolios.

Ilga Haubelt, head of equity income at Newton Investment Management, commented,

Ami’s appointment is a key hire for Newton as we grow our UK and global equity income business and capabilities. He has extensive knowledge of portfolio construction, risk management and combining fundamental research with quantitative analysis, all of which are excellent additions to the team. We are very pleased to welcome him to Newton.

Ami will manage the BNY Mellon UK Income fund alongside Ilga Haubelt, Jon Bell and Tim Lucas. They are supported by Newton’s wider global equity income hub and central research team, and form part of Newton’s 67-strong investment team.

Since the start of 2020, Newton has made 13 appointments to its investment team. Ami’s appointment follows recent hires of Paul Birchenough and Ian Smith from Axa to lead Newton’s global emerging market equity capabilities and Louise Kernohan from SLI to manage Newton’s UK equity strategies. Newton announced the appointment of Euan Munro, former Aviva CEO, as it’s CEO designate joining at the end of June.

Note to editors

Biography of Ami Shah
Portfolio manager, Equity Income team
Ami joined Newton in 2021, and is part of the management team of the Newton UK Equity Income strategy. Prior to joining Newton, he was a member of the Value team at Wellington Management, which had responsibility for managing c.$65bn of client assets across a variety of value and income strategies. Before joining Wellington, Ami was an equity research analyst in the European research team at T. Rowe Price. He originally trained as a medical doctor at UCL, and also holds an M.B.A. from London Business School. Outside work, Ami enjoys spending time with his young family, playing the piano, reading, and sport.

Newton Investment ManagementLimited (Newton) is a London-based global investment management subsidiary of The Bank of New York Mellon Corporation. Newton is authorised and regulated by the UK’s Financial Conduct Authority and registered with the US Securities and Exchange Commission. Registered address, BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England No. 01371973. With assets under management of £44 billion as at 30 September 2020, 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 largest investment managers, and one of the top U.S. wealth managers, with US$2.2 trillion in assets under management as of December 31, 2020. The firm is built around delivering to investors a “best of both worlds” approach: the expertise and capabilities of our individual investment managers, wedded to a global geographic footprint, and guided by an unshakable commitment to financial stewardship. BNY Mellon Investment Management 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 maintains US$41.1 trillion in assets under custody and/or administration as of December 31, 2020. 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 specified herein, all information sourced by BNY Mellon as of 25 January 2021. This press release is qualified for issuance in the UK 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. This press release is issued by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA) to members of the financial press and media and the information contained herein should not be construed as investment advice. Registered office of BNYMIM EMEA: 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.

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