Newton Investment Management
TypeSubsidiary
IndustryInvestment management
Founded1978 (1978)
Headquarters
London
,
United Kingdom
Key people
Euan Munro (CEO)
AUMUS$ 100.3 billion (December 31, 2022)
ParentBNY Mellon Investment Management
Websitenewtonim.com

Newton Investment Management is a investment management firm based in London. It is subsidiary of BNY Mellon Investment Management.[1]

History

The firm was founded as Newton in 1978 as a joint venture with Scottish insurance broker Reed Stonehouse.[2][3] In 1986, it was acquired by alexander & alexander and was renamed to Newton Investment Management.[2][3] In 1992, the firm did a management buyout of alexander & alexander's stake.[2][3] In 1994, it acquired Capital House group of companies from the Royal Bank of Scotland, with the bank acquiring a 33% interest in Newton Investment Management.[2][3]

In 1998, Mellon Bank (now BNY Mellon) acquired 75% of Newton Investment Management for $277 million and in 2002, acquired the remaining interest.[2][3][4]

References

  1. ↑ "Newton". Retrieved 2018-05-09.
  2. 1 2 3 4 5 Guardian Staff (2004-09-10). "Best unit trust: Newton Investment Management". the Guardian. Retrieved 2022-11-03.
  3. 1 2 3 4 5 "Newton: the firm where stability meets change". 2010-04-22. Archived from the original on 2010-04-22. Retrieved 2022-11-03.
  4. ↑ Calian, Sara (1998-07-28). "Mellon Bank Agrees to Acquire 75% of Newton Management". Wall Street Journal. ISSN 0099-9660. Retrieved 2022-11-03.
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