By IPE Staff2021-01-06T15:51:00+00:00
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 Munro appointed chief executive officer of Newton Investment Management
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LONDON and NEW YORK, Jan. 6, 2021 /PRNewswire/ Newton Investment Management (Newton), part of BNY Mellon Investment Management, announced today the appointment of Euan Munro as its chief executive officer (CEO), subject to Financial Conduct Authority ( FCA ) approval in the UK. Euan will join Newton on June 23, 2021 and will report to Hanneke Smits, CEO of BNY Mellon Investment Management.
Euan s accomplished investment career spans three decades. Most recently, Euan was CEO of Aviva Investors and a member of the global executive committee for seven years. Under Euan s leadership, Aviva Investors was transformed into a leading UK asset manager with total assets under management growing significantly. Prior to this, Euan was head of global multi-asset and fixed interest investing at Standard Life Investments.
Aviva Investors Munro joins Newton as CEO citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
Newton taps ex-Aviva leader as next CEO
Mr. Munro will replace
Andrew Downs, who became interim CEO in August. He replaced
Hanneke Smits, who was appointed CEO of BNY Mellon Investment Management. Mr. Downs will remain in the role until Mr. Munro joins and gains regulatory approval. He will then return to his post as chief operating officer, a news release said Wednesday.
Both Ms. Smits and Mr. Downs will work with Mr. Munro to help the transition to his new role, a spokeswoman said.
Mr. Munro is to start June 23, reporting to Ms. 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. His investment credentials and extensive experience leading one of the U.K. 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, Ms. Smits said in the rel
Newton names Euan Munro as chief executive
Comes two days after it was announced he was leaving Aviva Investors
Newton Investment Management has named Euan Munro as its chief executive just two days after it was announced he was leaving the same role at Aviva Investors.
Aviva Investors announced on Monday Munro’s departure from the business after seven years as CEO and a member of the global executive committee. He is handing leadership to real assets CIO Mark Versey.
Newton said Munro (pictured) will join on 23 June, reporting to Hanneke Smits who is CEO of Newton’s parent company BNY Mellon Investment Management. Smits was formerly CEO of Newton before moving to the top role at BNY Mellon IM in August.