Newton Investment Management (Newton IM), part of BNY Mellon Investment Management, is introducing a new management structure including a new hire.
Newton IM’s management team will now, alongside its chief executive, comprise a chief investment officer, chief operating officer, chief risk officer and chief commercial officer.
The firm has hired Curt Custard, who joins on 14 August 2017, in the newly created role of chief investment officer and promoted Julian Lyne, currently global head of distribution, to take on an expanded role as chief commercial officer, which will include responsibility for the firm’s client relationship area. Andrew Downs and James Helby remain as chief operating officer and chief risk officer respectively.
Mr Custard joins Newton IM from UBS Asset Management, where he was group managing director and head of investment solutions in London and Chicago. Prior to this, Mr Custard was head of multi-asset at Schroders Investment Management. He will oversee all aspects of the investment process, and strengthen the alignment between the investment and commercial sides of the business. Subject to regulatory approval, he will join Newton IM’s board.
“This new management structure, including the appointment of a chief investment officer, is being announced as Newton IM prepares to grow its global footprint”, commented Hanneke Smits, chief executive of Newton IM. “It builds on our investment philosophy and process and reflects the board’s, including my own, commitment to reinforcing governance for the next stage of growth.”
Newton Investment Management is a London-based global investment management subsidiary of The Bank of New York Mellon Corporation with assets under management of £55.2 billion as at 30 June 2017.