Newton Investment Management | |
Type: | Subsidiary |
Industry: | Investment management |
Location City: | London |
Location Country: | United Kingdom |
Key People: | Euan Munro (CEO) |
Aum: | US$ 100.3 billion (December 31, 2022) |
Parent: | BNY Investments |
Newton Investment Management is a investment management firm based in London. It is subsidiary of BNY Investments.[1]
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. In 1992, the firm did a management buyout of alexander & alexander's stake. 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.
In 1998, Mellon Bank (now BNY) acquired 75% of Newton Investment Management for $277 million and in 2002, acquired the remaining interest.[4]