Creates a new management structure, with a senior appointment and internal promotion.

Newton Investment Management (Newton IM), part of BNY Mellon Investment Management, has announced that it is introducing a new management structure in order to further enhance governance for the next chapter in the company’s growth.

Newton IM’s management team will now, alongside its Chief Executive Officer, comprise a Chief Investment Officer, Chief Operating Officer, Chief Risk Officer and Chief Commercial Officer. The firm has hired Curt Custard, who joins on 14 August, 2017, in the newly created role of Chief Investment Officer and promoted Julian Lyne, currently Global Head of Distribution, to take on an expanded role as Chief Commercial Officer, which will include responsibility for the firm’s client relationship area. Andrew Downs and James Helby remain as Chief Operating Officer and Chief Risk Officer respectively.

Custard joins Newton IM from UBS Asset Management, where he was group managing director and head of investment solutions in London and Chicago. Prior to this, Custard was head of multi-asset at Schroders Investment Management. He will oversee all aspects of the investment process, and strengthen the alignment between the investment and commercial sides of the business, which will ensure Newton IM continues to manage and develop investment solutions to tackle the challenges faced by its clients around the world. Subject to regulatory approval, he will join Newton IM’s Board.

This new management structure, including the appointment of a Chief Investment Officer, is being announced as Newton IM prepares to grow its global footprint.

It builds on our investment philosophy and process and reflects the Board’s, including my own, commitment to reinforcing governance for the next stage of growth. I am pleased to welcome Curt to Newton.

Hanneke Smits, Chief Executive Officer

Notes to Editors:

Curt Custard’s biography

Most recently, Curt was Head of Global Investment Solutions at UBS Asset Management in London and Chicago, and before that he was Head of Multi-Asset at Schroders Investment Management. At UBS, he led an investment team of 130 investment professionals and oversaw more than $120 billion of assets under management for a global client base. At Schroders, he was head of a more than 40-strong investment team, and transformed the firm’s multi-asset business. Previously, he was Head of Balanced Products at Allianz Global Investors, having begun his career at RCM Capital Management as a senior portfolio manager.

Newton Investment Management is a London-based global investment management subsidiary of The Bank of New York Mellon Corporation. With assets under management of £55.2 billion ($71.6 billion) as at June 30, 2017, including assets managed by Newton Investment Management Limited as dual officers of Newton Investment Management (North America) Limited and The Bank of New York Mellon, 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. News and other information about Newton is available at and via Twitter: @NewtonIM.

BNY Mellon Investment Management is one of the world’s leading investment management organizations and one of the top U.S. wealth managers, with $1.8 trillion in assets under management. It encompasses BNY Mellon’s affiliated investment management firms, wealth management services and global distribution companies. More information can be found at

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of June 30, 2017 BNY Mellon had $31.1 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on, or follow us on Twitter @BNYMellon.

All information sourced by BNY Mellon as of 10 August 2017. This press release is qualified for issuance in the UK and Europe and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Investment Management EMEA Limited to members of the financial press and media and the information contained herein should not be construed as investment advice. The value of investments can fall. Investors may not get back the amount invested. Income from investments may vary and is not guaranteed. Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA) or affiliated fund operating companies to undertake portfolio management activities in relation to contracts for products and services entered into by clients with BNYMIM EMEA or the BNY Mellon funds. Registered office of BNY Mellon Investment Management EMEA Limited: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorized and regulated by the Financial Conduct Authority. A BNY Mellon Company.


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