LONDON, 31 January 2022 – Newton Investment Management,* part of BNY Mellon Investment Management, today announces the appointments of Mitesh Sheth, David Cumming and Georgina Cooper to its investment team. Mitesh joins as Chief Investment Officer of Newton’s £51.7bn multi-asset business by 1 March, and David and Georgina join Newton Investment Management’s £2.6bn UK equity team in early March and on 1 February, respectively.
Reporting to Euan Munro, Newton’s chief executive officer (CEO), Mitesh will have oversight of Newton’s multi-asset and fixed-income teams based in London, as well as Newton’s quantitative multi-asset solutions team in San Francisco. Previously, he served as CEO at Redington, having started at the firm in 2013 as Director of Strategy. Mitesh joined Redington from Henderson Global Investors where he was Head of Fixed Income and later Director of Business Innovation. He started his career as a fund manager researcher at AON and WTW.
David brings significant investment management experience to Newton, having most recently been Chief Investment Officer (CIO) of Equities at Aviva Investors. Prior to this, he was Head of Equities at Standard Life Investments. David has been an active UK equity manager for more than 35 years and will bring unique perspective and experience to Newton’s UK equity team. He will report to John Porter, Newton’s CIO of Equities and will manage Newton’s UK Equity Income strategy / the BNY Mellon UK Income Fund.
Georgina will join the management team of Newton’s UK Equity and Sustainable UK Opportunities strategies / BNY Mellon UK Equity and BNY Mellon Sustainable UK Opportunities Funds. She joins from Abrdn where she was a UK equities portfolio manager, and she will report to Louise Kernohan.
Commenting on the appointments, Euan Munro, chief executive officer of Newton, said: “I am delighted to welcome Mitesh, David and Georgina to Newton. Mitesh brings with him a wealth of experience from his 21 years in the industry and will be responsible for further developing our multi-asset proposition to meet clients’ future investment requirements, as well as contributing to our overall purpose, culture and development.”
I am delighted to welcome Mitesh, David and Georgina to Newton. Mitesh brings with him a wealth of experience from his 21 years in the industry and will be responsible for further developing our multi-asset proposition to meet clients’ future investment requirements, as well as contributing to our overall purpose, culture and development.Euan Munro, chief executive officer
“David is one of the UK’s most experienced and respected UK equity managers, and he brings with him significant experience in an area that is a key strategic focus for our company. I’m also very pleased that we are able to further bolster our capabilities in the UK equity sector with Georgina’s appointment.”
Charles French, Newton’s head of equity opportunities, will be leaving the company to pursue another opportunity after 21 years with the company. Yuko Takano, a portfolio manager in Newton’s global equity team, is also leaving the firm to pursue another opportunity.
Euan Munro, CEO of Newton, added: “We would like to thank both Charles and Yuko for their contribution to Newton over the years and wish them all the best for their new endeavours.”
* Newton/Newton Investment Management refers to the following affiliated group entities, Newton Investment Management Ltd which has offices in London, and Newton Investment Management North America, LLC which has offices in Boston, New York and San Francisco.
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