US - Newton Capital Management has appointed Ciaran Spillane as head of US business, a first move in the expansion of its investment strategies to US institutional investors.
As the London-based asset management subsidiary of Mellon Financial Corporation, Newton has $47bn in AuM. Its global portfolios account for more than 70% of total institutional assets.
Spillane, who will be based in New York, is tasked with building relationships by driving client servicing and the sales effort locally.
Newton chief executive officer Helena Morrissey said the company had structured its organization to think globally at all levels, “from the macro forces of change, through to markets, sectors and companies.”
Spillane has joined Newton from Bank of Ireland Asset Management where he was most recently director of client service at its US subsidiary, Iridian Asset Management. He will report to Mark Scott, head of the institutional business.
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The Greene King Pension Scheme has appointed XPS Pensions as its actuarial and investment adviser following a competitive tender process.
Professional Pensions has compiled a list charting the progress of master trust authorisation. View our list in full here...