Newton Investment Management

Last updated
Newton Investment Management
Company type Subsidiary
Industry Investment management
Founded1978;46 years ago (1978)
Headquarters,
Key people
Euan Munro (CEO)
AUM US$ 100.3 billion (December 31, 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 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 Mellon) acquired 75% of Newton Investment Management for $277 million and in 2002, acquired the remaining interest. [2] [3] [4]

Related Research Articles

<span class="mw-page-title-main">Mellon Financial</span> Former investment firm located in the US

Mellon Financial Corporation was an American 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.

<span class="mw-page-title-main">Franklin Templeton Investments</span> Global investment firm founded in New York City in 1947

Franklin Resources, Inc. is an American multinational holding company that, together with its subsidiaries, is referred to as Franklin Templeton; it is a global investment firm founded in New York City in 1947 as Franklin Distributors, Inc. It is listed on the New York Stock Exchange under the ticker symbol BEN, in honor of Benjamin Franklin, for whom the company is named, and who was admired by founder Rupert Johnson Sr. In 1973, the company's headquarters moved from New York to San Mateo, California.

Computershare Limited is an Australian stock transfer company that provides corporate trust, stock transfer, and employee share plan services in many countries.

<span class="mw-page-title-main">Dreyfus Corporation</span> American investment manager of investment products and strategies

Dreyfus is an American investment management company that deals with investment products and strategies. It was established in 1951 and is currently headquartered in New York City.

<span class="mw-page-title-main">Custodian bank</span> Type of financial institution

A custodian bank, or simply custodian, is a specialized financial institution responsible for providing securities services. It provides post-trade services and solutions for asset owners, asset managers, banks and broker-dealers. It is not engaged in "traditional" commercial or consumer/retail banking like lending.

Close Brothers Group plc is a UK merchant banking group which provides lending, takes deposits, manages wealth and trades in securities. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Standard Life is a life assurance, pensions and long-terms savings company in the UK which is owned by Phoenix Group.

State Street Global Advisors (SSGA) is the investment management division of State Street Corporation and the world's fourth largest asset manager, with nearly $4.14 trillion (USD) in assets under management as of 31 December 2021.

<span class="mw-page-title-main">Evercore</span> American financial services company

Evercore Inc., formerly known as Evercore Partners, is a global independent investment banking advisory firm founded in 1995 by Roger Altman, David Offensend, and Austin Beutner. The firm has advised on over $4.7 trillion of merger, acquisition, and restructuring transactions since its founding. Evercore is widely considered one of the most prestigious and elite investment banking advisory firms.

<span class="mw-page-title-main">BNY Mellon</span> American bank

The Bank of New York Mellon Corporation, commonly known as BNY Mellon or BNY, is an American banking and financial services corporation headquartered in New York City. The bank offers investment management, investment services, and wealth management services. BNY Mellon was formed from the merger of The Bank of New York and the Mellon Financial Corporation in 2007. It is the world's largest custodian bank and securities services company, with $2 trillion in assets under management and $48.8 trillion in assets under custody as of 2024. It is considered a systemically important bank by the Financial Stability Board.

<span class="mw-page-title-main">Canaccord Genuity</span> Canadian financial company

Canaccord Genuity Group Inc. is a global, full-service investment banking and financial services company that specializes in wealth management and brokerage in capital markets. It is the largest independent investment dealer in Canada. The firm focuses on growth companies, with operations in 10 countries worldwide and the ability to list companies on 15 stock exchanges. Canaccord Genuity, the international capital markets division, is based in Canada, with offices in the US, the UK, France, Germany, Ireland, Hong Kong, China, Singapore, Dubai, Australia, Barbados, and The Bahamas.

Pershing LLC is an American clearing house. Formed in 1939, Pershing became a subsidiary of The Bank of New York in 2003. Pershing has nearly $1.9 trillion in assets under administration. The Bank of New York Mellon has more than $35.5 trillion in assets in custody.

CIBC Mellon is a joint venture founded in 1996 between the Canadian Imperial Bank of Commerce (CIBC) and then Mellon Financial Corporation to offer asset servicing to institutional investors. Based in Toronto, Ontario, Canada, it comprises two sister companies, CIBC Mellon Trust company and CIBC Mellon Global Securities Services Company.

<span class="mw-page-title-main">Amundi</span> French asset management firm

Amundi is a French asset management company. With €2 trillion of assets under management (AUM) at the end of 2021, it is the largest asset manager in Europe and one of the 10 biggest investment managers in the world.

<span class="mw-page-title-main">Oxford University Women's Boat Club</span> British rowing club

Oxford University Women's Boat Club (OUWBC) was the rowing club for female rowers who were students at the University of Oxford. The club was founded in 1926 and was based in Wallingford at the Fleming Boat House, along with OUBC, OUWLRC and OULRC.

Eagle Investment Systems is an American global provider of financial services technology and a subsidiary of BNY Mellon. Founded in 1989 and based in Wellesley, Massachusetts, Eagle has 15 offices internationally, including offices in Beijing, Chennai, Dubai, London, Montreal, New York City, Pune, San Francisco, Singapore, Sydney and Toronto.

<span class="mw-page-title-main">Insight Investment</span> British asset management company

Insight Investment (Insight) is one of the largest global asset management companies, responsible for £648 billion of assets under management as of 31 December 2023, represented by the value of cash securities and other economic exposure managed for clients. It manages strategies which include fixed income, liability-driven investment (LDI), cash, absolute return and multi-asset. Insight is a subsidiary of The Bank of New York Mellon, a multinational financial services corporation.

Pirum is a UK-based financial services technology vendor, headquartered in the City of London. Pirum was co-founded in 2000 as a securities lending post trade vendor, specializing initially in the reconciliation of open and pending securities lending trades and billing. Over the years, the product offering has expanding into collateral services and other areas that required automation. Pirum's client base includes over 100 financial institutions including investment banks, asset managers, pension funds, insurance companies and Agent Lenders.

<span class="mw-page-title-main">BNY Mellon Investment Management</span> Global investment management firm

BNY Mellon Investment Management is the investment management division of BNY Mellon. It is one of the largest asset managers in the world.

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.