Investment manager for Newton IM steps down from position.
In a series of changes, Newton Investment Management, a subsidiary of BNY Mellon, has announced that Curt Custard will be stepping down as the Chief Investment Officer (CIO) due to family reasons. Custard will, however, return to the U.S. to serve as the Global Head of Client Solutions for Newton.
This news follows BNY Mellon's reorganization, which includes the redistribution of some Mellon Investment teams to other subsidiaries. One such change is the transfer of Multi Asset to Newton Investment Management.
In the wake of Custard's departure, Newton Investment Management is now seeking a new CIO for Multi Asset. The new appointee is Mitesh Sheth, who takes over the role following a rigorous selection process.
The Mellon unit, which was established in 2018 following the merger of Mellon Capital Management, Standish Mellon Asset Management, and The Boston Company Asset Management, is also undergoing changes as part of BNY Mellon's reorganization.
In a related development, Newton Investment Management has confirmed that a confirmation email has been sent regarding a subscription. To activate the subscription, users are advised to click the button inside the email. If the email is not found in the inbox, it is recommended to check the spam folder as well.
These changes are expected to strengthen Newton Investment Management's position in the global investment landscape, providing opportunities for growth and innovation.
Newton Investment Management is on the lookout for a new Chief Investment Officer (CIO) for Multi Asset, following Curt Custard's departure. This change in leadership is part of a broader reorganization at BNY Mellon, which includes relocating some Mellon Investment teams to other subsidiaries and restructuring the Mellon unit, established in 2018. These changes are anticipated to enhance Newton Investment Management's financial standing in the global investment business, encouraging growth and innovation.
