Newton Investment Management, which is part of BNY Mellon Investment Management, has announced the appointment of Euan Munro as its chief executive who would join in June, 2021.
Until Munro receives approval from the Financial Conduct Authority (FCA) in the UK, Andrew Downs would continue as Newton’s interim CEO.
He would replace Hanneke Smits who was promoted to CEO of BNY Mellon Investment Management last year.
Munro, who has accomplished an investment career spanning three decades, served previously as CEO of Aviva Investors and was a member of the global executive committee for seven years. Prior to this, he was head of global multi-asset and fixed interest investing at Standard Life Investments.
“Euan is an exceptional leader with a proven track record in the investment industry and we are delighted that he will be joining Newton as its chief executive officer,” Hanneke Smits, chief executive officer of BNY Mellon Investment Management, said.
“His investment credentials and extensive experience leading one of the UK’s larger asset managers with a presence in the institutional, intermediary and retail markets, are highly relevant to Newton and we look forward to warmly welcoming him soon.”
Munro said that it was an exciting time to join Newton, a global asset manager with high quality investment solutions and an incredibly strong heritage in responsible investment.
“I’m looking forward to building upon this strong foundation and continuing to enhance Newton’s investment offering to help clients achieve their goals,” he commented on his appointment.