 | |
| Type | Subsidiary |
|---|---|
| Industry | Investment management |
| Founded | 1978 |
| Headquarters | , |
Key people | Euan Munro (CEO) |
| AUM | £ 90.1 billion (Q3 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]
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]
Mellon Financial Corporation was an investment firm which was once one of the world's largest money management firms. Based in Pittsburgh, Pennsylvania, it was in the business of institutional and high-net-worth individual asset management, including the Dreyfus family of mutual funds, business banking, and shareholder and investor services. On December 4, 2006, it announced a merger agreement with Bank of New York, to form BNY Mellon. After regulatory and shareholder approval, the banks completed the merger on July 2, 2007.
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