Newton Investment Management moves top salesman to New York

Vehicles moving on 5th Avenue street by office buildings. Chrysler Building is in the background against sky

iStockPhoto

Julian Lyne, the firm’s head of distribution, is to Across the Atlantic at the end of the first quarter of 2017 for a two-year stint in the fund manager’s New York office.

Newton has £54.6 billion in client assets, but only a small proportion of these were gathered from US clients, a spokesman said. The boutique is owned by US-listed BNY Mellon and its assets make up some of the parent company’s $ 1.6 trillion under management.

Newton welcomed Hanneke Smits as CEO in August to replace Helena Morrissey, who stepped down from the role after 15 years. Morrissey, who had become executive chairman at the time, is to leave the business entirely at the end of 2016.

Lyne, who scooped FN’s Business Developer of the Year prize at FN’s Awards for Excellence in Asset Management in October, has been at Newton since June 2014.

He originally joined as head of global consultants but was promoted to his current role in January 2016. The move gave him responsibility for US institutional sales and marketing in North America, Europe, Middle East and Africa, Asia and Australia. He has played a key role in building momentum overseas, with the firm winning its first Chinese institutional mandate in July.

Lyne was previously head of UK institutional sales and consultants relations at F&C Asset Management, now BMO Global Asset Management, where he worked for six years after joining from HSBC in 2008.

More from Asset Management

Let’s block ads! (Why?)

Asset Management – Financial News Online

You May Also Like

Leave a Reply

Your email address will not be published. Required fields are marked *