Newton announces management shake-up
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Newton Investment Management has announced that Jeff Munroe, chief investment officer, will step down to lead the firm’s global equities team.
The change will see Simon Pryke, the head of private clients and charities, assume a “redefined” chief investment officer role.
Munroe was named chief investment officer in 2001, having joined the company in 1993.
The changes also see Jon Bell, an investment leader in global equities for Newton, join its multi-asset team in a new role.
Helena Morrissey, chief executive officer of Newton, says: “We believe that our investment process and philosophy position us well given our expectation of an environment characterised by lower returns and higher volatility.
“That said, our business has grown in size and complexity over the last few years and we need to remain vigilant about the execution of our investment approach.”
Morrissey adds: “Jeff is committed to ensuring Newton’s performance is consistent across our full range of mandates, and has decided to step down from his current role as chief investment officer in order to now lead the global equities team.
“This will provide strong focus and attention from one of our most senior and experienced investment professionals.”
In the “redefined” role Pryke will focus on execution of the investment process and effectiveness of the firm’s idea generation.
Caroline Tye, the head of UK private clients, will assume responsibility for Newton’s private clients business.
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