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.
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.