Newton Investment Management (Newton IM), a London-based global investment management subsidiary of BNY Mellon, has appointed Curt Custard in the newly created role of chief investment officer (CIO).
Custard, who will assume the new responsibility on 14 August, 2017, most recently held the role of managing director and head of investment solutions at UBS Asset Management. Prior to that, he served as head for multi-asset with Schroders Investment Management.
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In his new role, Custard will oversee investment process, and strengthen the alignment between the investment and commercial sides of the business. He will also join Newton IM’s Board.
Also, the fund manger has promoted Julian Lyne – currently global head of distribution -to take on an expanded role as chief commercial officer.
Newton IM CEO Hanneke Smits said: “This new management structure, including the appointment of a chief investment officer, is being announced as Newton IM prepares to grow its global footprint. 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. I am pleased to welcome Curt to Newton IM.”
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