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| Company type | Subsidiary |
|---|---|
| Industry | Investment management |
| Founded | 1978 |
| Headquarters | , |
Key people | Euan Munro (CEO) |
| AUM | US$ 100.3 billion (December 31, 2022) |
| Parent | BNY Mellon Investment Management |
| Website | newtonim.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
- ^ "Newton". Retrieved 2018-05-09.
- ^ a b c d e Guardian Staff (2004-09-10). "Best unit trust: Newton Investment Management". the Guardian. Retrieved 2022-11-03.
- ^ a b c d e "Newton: the firm where stability meets change". 2010-04-22. Archived from the original on 2010-04-22. Retrieved 2022-11-03.
- ^ 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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