Newton Investment Management in the UK has confirmed that global marketing head Guy Hudson will replace outgoing director of sales, marketing and product development Scott Powers.
The replacement will take effect when Powers assumes the role of CEO of Old Mutual’s US asset management business in September.
In his new role, Hudson will relocate to the US, where he will be based at Mellon Institutional Asset Management in Boston. He will report to Mellon president, Ron O’Hanley.
Simon Wombwell, previously head of retail sales for pan-Europe will replace Hudson as global marketing head in London.
By Janet Du Chenne
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.