Newton appoints new independent non-executive board chair

Newton appoints new independent non-executive board chair

London, 8 November 2022 – Newton Investment Management (Newton), part of BNY Mellon Investment Management, has today announced the appointment of Judy Marlinski, an independent non-executive board member, as the new chair of Newton Investment Management Limited (UK board) and Newton Investment Management North America, LLC (US board), effective 4 November 2022. Judy has served as an independent non-executive board member of the UK and US boards since July 2022. Judy succeeds Susan Noble as chair of the UK board, who is stepping down after serving eight years as a board member and five years as its chair.

Judy’s appointment as chair for Newton’s UK and US boards supports the expansion of Newton’s US business following the integration of Mellon’s equity and multi asset capabilities in September 2021. Judy will help to ensure coordination across Newton UK and Newton US in the setting and implementing of Newton’s strategy.

Judy has 35 years of experience in financial services, having held the CEO, President and COO positions within the investment management and wealth management industries of Fidelity Investments, including as President and CEO of Fidelity Investments Japan from 2011 to 2016 and President of Fidelity Institutional Asset Management from 2017 to 2020. During her tenure with Fidelity Investments, she was a director for several regulatory boards across the firm’s businesses. She was also named one of the “25 Most Influential Women in Asset Management” by Asian Investor Magazine, 2014.

Euan Munro, CEO of Newton, commented: “We’re delighted that Judy has been appointed chair of the Newton Investment Management Limited and Newton Investment Management North America, LLC boards. She brings a tremendous amount of global experience and pedigree to this role which will be invaluable as we continue to meet the needs of our clients through an expanded global platform.”

“A big thank you to Susan for her eight years of service as a board member. Her counsel and leadership have made a significant contribution in shaping Newton’s growth, and we wish her all the best for the next stage of her career.”

We’re delighted that Judy has been appointed chair of the Newton Investment Management Limited and Newton Investment Management North America, LLC boards. She brings a tremendous amount of global experience and pedigree to this role which will be invaluable as we continue to meet the needs of our clients through an expanded global platform.

Euan Munro, Chief Executive Officer

A big thank you to Susan for her eight years of service as a board member. Her counsel and leadership have made a significant contribution in shaping Newton’s growth, and we wish her all the best for the next stage of her career.”

Euan Munro, Chief Executive Officer

Note to Editors

Biography

Judy Marlinski joined Fidelity Investments in 1986, and after 35 years retired in 2021. During her extensive experience in financial services, including 25 years working across international markets, she has held positions as CEO, President and COO within the investment management and wealth management industries, including a tenure as President and CEO of Fidelity Investments Japan from 2011 to 2016. She was also named one of the “25 Most Influential Women in Asset Management” by Asian Investor Magazine, 2014.

Judy’s exemplary leadership and organisation management skills has gained her appointments on numerous Fidelity Investment committees including its Global Asset Management Compensation committee, Global Ethics committee, US Technology Advisory Council, and as the Executive sponsor for the Fidelity Institutional Diversity & Inclusion Initiative, a recognition of her leadership in advancing the careers and products offered to women and under-represented groups. During her Fidelity Investments tenure, she was a Director for several regulatory boards, governing operating and investment advisory businesses.

Judy graduated from Cornell University with a BSc in Business Management and Marketing and also completed a Master of Business Administration, with honours, from Boston University. She recently attended “Women on Boards: Succeeding as a Corporate Director” at Harvard Business School.

About Newton Investment Management Group

“Newton Investment Management Group” is a corporate brand which refers to the following group of affiliated companies: Newton Investment Management Limited (NIM) and Newton Investment Management North America, LLC (NIMNA). In the United Kingdom, NIM is authorised and regulated by the Financial Conduct Authority (‘FCA’), 12 Endeavour Square, London, E20 1JN, in the conduct of investment business. Registered in England no. 01371973. NIM and NIMNA are both registered as investment advisors with the Securities & Exchange Commission (‘SEC’) to offer investment advisory services in the United States. NIM and NIMNA’s investment businesses in the United States is described in Form ADV, Part 1 and 2, which can be obtained from the SEC.gov website or obtained upon request. Both firms are indirect subsidiaries of The Bank of New York Mellon Corporation (“BNY Mellon”).

Newton Investment Management Group provides discretionary and non-discretionary investment advice to institutional clients, including US and global pension funds, sovereign wealth funds, central banks, endowments, foundations, insurance companies, registered mutual funds, other pooled investment vehicles and other institutions. Its current office locations include London, Boston, New York and San Francisco.

Assets under management estimated as $98.7bn as at 30 September 2022, including combined assets managed by Newton Investment Management Limited and Newton Investment Management North America LLC. In addition, AUM for Newton Investment Management Group includes assets of bank-maintained collective investment funds for which NIM or NIMNA has been appointed sub-advisor, where Newton Investment Management Group personnel act as dual officers of affiliated companies and assets of wrap fee account(s) for which Newton Investment Management Group provides sub-advisory services to the primary manager of the wrap program.

News and other information about Newton is available at newton-stag-01.aws.hmn.md and via Twitter: @NewtonIM

About BNY Mellon Investment Management

BNY Mellon Investment Management is one of the world’s largest asset managers, with $1.8 trillion in assets under management as of September 30, 2022. Through an investor-first approach, BNY Mellon Investment Management brings to clients the best of both worlds: specialist expertise from seven investment firms offering solutions across every major asset class, backed by the strength, stability, and global presence of BNY Mellon. Additional information on BNY Mellon Investment Management is available on www.bnymellonim.com.

BNY Mellon Investment Management is a division of BNY Mellon. 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 and wealth management and investment services in 35 countries. As of September 30, 2022, BNY Mellon had $42.2 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Contact

Saurav Karia