Mellon Financial Corporation in the UK has announced the formation of a new investment leadership team for its global investments subsidiary, Newton group.
This follows the resignation of the group’s vice chairman and chief investment officer Charles Richardson.
Helena Morrissey has been appointed chief executive officer of Newton Investment Management. Morrissey was head of fixed income and senior member of the Newton investment strategy group. She has been with Newton since 1994. Ed Britton will replace Morrissey as head of fixed income.
Jeff Munroe replaces Richardson as chief investment officer. As an institutional fund manager, he was responsible for managing the investment team which performs on segregated portfolios for pension fund clients. He will now take overall responsibility for the investment team, covering equities investment and institutional funds. Munroe has been with Newton since 1993.
Colin Campbell has been appointed chief operating officer and will take responsibility for the administration of Newton. He has also taken on responsibilities previously under the remit of the chief executive officer. Campbell was formerly human resources director at Newton. He has been with the company since 1993.
Fund Manager Stewart Cowley, who has worked with Morrissey on Newton’s global bond funds and is joint fund manager of the Newton international bond fund will take over full responsibility for these funds.
By Janet Du Chenne
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