Euan Munro, formerly of Aviva Investors, has been appointed chief executive officer of Newton Investment Management, it was revealed today.
He will take over from Andrew Downs, who has been acting as interim CEO since August, when Hanneke Smits began her transition to CEO of Newton’s parent, BNY Mellon Investment Management. Downs will resume his role as Newton’s chief operating officer.
Munro’s departure from Aviva Investors, which he led as CEO for seven years, was announced on Monday.
He is to join Newton in late June and will report to Smits.
“Euan is an exceptional leader with a proven track record in the investment industry and we are delighted that he will be joining Newton as its chief executive officer,” she said.
“His investment credentials and extensive experience leading one of the UK’s larger asset managers with a presence in the institutional, intermediary and retail markets, are highly relevant to Newton and we look forward to warmly welcoming him soon.”
Munro said: “This is an exciting time to be joining Newton – a global asset manager full of talented people, high quality investment solutions and an incredibly strong heritage in responsible investment.
“I’m looking forward to building upon this strong foundation and continuing to enhance Newton’s investment offering to help clients achieve their goals.”
Andrew Parry, formerly head of sustainable investing at then Hermes Investment Management, joined Newton as its head of sustainable investment in October 2019.
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