Newton Investment Management

Last updated
Newton Investment Management
Company type Subsidiary
Industry Investment management
Founded1978;47 years ago (1978)
Headquarters
London
,
United Kingdom
AUM US$ 101.8 billion (December 2024)
Parent BNY Investments
Website newtonim.com

Newton Investment Management is a investment management firm based in London. It is subsidiary of BNY Investments. [1]

History

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]

References

  1. ↑ "Newton" . Retrieved 2018-05-09.
  2. 1 2 3 4 5 Guardian Staff (2004-09-10). "Best unit trust: Newton Investment Management". the Guardian. Retrieved 2022-11-03.
  3. 1 2 3 4 5 "Newton: the firm where stability meets change". 2010-04-22. Archived from the original on 2010-04-22. Retrieved 2022-11-03.
  4. ↑ Calian, Sara (1998-07-28). "Mellon Bank Agrees to Acquire 75% of Newton Management". Wall Street Journal. ISSN   0099-9660 . Retrieved 2022-11-03.
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