Newton Investment Management Names Custard As Chief Investment Officer

Aug 10 2017 | 7:11pm ET

BNY Mellon’s investment boutique Newton Investment Management has named former UBS executive Curt Custard as its chief investment officer as the company strengthens its senior management team under new CEO Hanneke Smits. 

In his new role, Custard will oversee all aspects of firm’s investment process, and strengthen the alignment between the investment and commercial sides of the business, Newton said in a statement. He will come aboard August 14 and, subject to regulatory approval, will also join Newton board.

Prior to joining Newton, Custard was group managing director and head of investment solutions in London and Chicago for UBS Asset Management. Beforehand, he was head of multi-asset at Schroders Investment Management.

Custard’s appointment coincided with the announcement of a new management structure for Newton. Former head of global distribution Julian Lynne has been named chief commercial officer, while Andrew Downs and James Helby remain chief operating officer and chief risk officer, respectively. Together, the four executives comprise CIO, CCO, COO and CRO roles and sit alongside Smits, who joined last year as CEO, as a management team. 

Newton is an active, thematic London-based global investment management subsidiary of The Bank of New York Mellon Corporation. With assets under management of about £55.2 billion as at 30 June 2017, Newton’s group of affiliated companies provides investment products and services to a wide range of clients, including pension funds, charities, corporations and (via BNY Mellon) individuals.

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