Newton Investment Management, a subsidiary of BNY Mellon Investment Management, has appointed Euan Munro as its new CEO.
The appointment awaits the clearance of the UK’s Financial Conduct Authority (FCA).
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Munro was latterly the CEO of Aviva Investors and had been part of the company’s global executive committee for seven years.
He also worked as the head of global multi-asset and fixed interest investing at Standard Life Investments during his 30-year-long investment career.
BNY Mellon Investment Management CEO Hanneke Smits said: “Euan is an exceptional leader with a proven track record in the investment industry and we are delighted that he will be joining Newton as its chief executive officer.
“His investment credentials and extensive experience leading one of the UK’s larger asset managers with a presence in the institutional, intermediary and retail markets, are highly relevant to Newton and we look forward to warmly welcoming him soon.”
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By GlobalDataIn his new role, Munro will report to Smits.
Munro said: “This is an exciting time to be joining Newton – a global asset manager full of talented people, high quality investment solutions and an incredibly strong heritage in responsible investment. I’m looking forward to building upon this strong foundation and continuing to enhance Newton’s investment offering to help clients achieve their goals.”
Andrew Downs will continue to serve as Newton’s CEO on an interim basis until Munro assumes his new position in June this year.
Downs will resume his role as the COO of Newton after that.
He took charge as the acting CEO last August when Hanneke Smits began her transition to CEO of BNY Mellon Investment Management.
Last month, BNY Mellon named Paul Bolinowsky as its Australian country head, replacing Phil Filippelis.
