Newton IM announces new CIO role
Former UBS managing director and head of investment solutions, Curt Custard will take on the newly-created role of chief investment officer (CIO) with BNY Mellon investment manager, Newton IM.
Commenting on the creation of the CIO role, Newton IM chief executive officer, Hanneke Smits said:
“It builds on our investment philosophy and process and reflects the board’s commitment to reinforcing governance for the next stage of growth”.
The Newton IM management team will see Custard alongside a chief executive, a chief operating officer, chief risk officer, and chief commercial officer.
Custard previously held senior roles with UBS Asset Management in both London and Chicago and has also held positions with Allianz Global Investors in London, Dresdner RCM Global Investments in San Francisco, and is a former global head of multi-asset solutions with Schroders.
To support Custard’s appointment, global head of distribution Julian Lyne has been promoted to the expanded position of chief commercial officer.
Recommended for you
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
