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London-based investment management company From Wikipedia, the free encyclopedia
Newton Investment Management is a investment management firm based in London. It is subsidiary of BNY Investments.[1]
Company type | Subsidiary |
---|---|
Industry | Investment management |
Founded | 1978 |
Headquarters | , |
Key people | Euan Munro (CEO) |
AUM | US$ 100.3 billion (December 31, 2022) |
Parent | BNY Investments |
Website | newtonim.com |
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) acquired 75% of Newton Investment Management for $277 million and in 2002, acquired the remaining interest.[2][3][4]
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