Newton Investment Management
{{Short description|London-based investment management company}}
{{Infobox company
| name = Newton Investment Management
| logo = Newton Investment Management.svg
| image =
| image_caption =
| type = Subsidiary
| traded_as =
| industry = Investment management
| predecessor =
| founded = {{start date and age|1978}}
| location =
| location_city = London
| location_country = United Kingdom
| area_served =
| key_people =
| products =
| num_employees =
| aum = US$ 101.8 billion (December 2024)
| parent = BNY Investments
| website = {{URL|http://www.newtonim.com/|newtonim.com}}
}}
Newton Investment Management is a investment management firm based in London. It is subsidiary of BNY Investments.{{Cite news|url=https://www.newtonim.com/|title=Newton|access-date=2018-05-09|language=en-GB}}
History
The firm was founded as Newton in 1978 as a joint venture with Scottish insurance broker Reed Stonehouse.{{Cite web |author=Guardian Staff |date=2004-09-10 |title=Best unit trust: Newton Investment Management |url=http://www.theguardian.com/money/2004/sep/10/consumerfinanceawards.investmenttrusts |access-date=2022-11-03 |website=the Guardian |language=en}}{{Cite web |date=2010-04-22 |title=Newton: the firm where stability meets change |url=https://www.investmentweek.co.uk/investment-week/interview/1589261/newton-firm-stability-meets-change |access-date=2022-11-03 |archive-url=https://web.archive.org/web/20100422002244/https://www.investmentweek.co.uk/investment-week/interview/1589261/newton-firm-stability-meets-change |archive-date=2010-04-22 }} In 1986, it was acquired by alexander & alexander and was renamed to Newton Investment Management. In 1992, the firm did a management buyout of alexander & alexander's stake. In 1994, it acquired Capital House group of companies from the Royal Bank of Scotland, with the bank acquiring a 33% interest in Newton Investment Management.
In 1998, Mellon Bank (now BNY) acquired 75% of Newton Investment Management for $277 million and in 2002, acquired the remaining interest.{{Cite news |last=Calian |first=Sara |date=1998-07-28 |title=Mellon Bank Agrees to Acquire 75% of Newton Management |language=en-US |work=Wall Street Journal |url=https://www.wsj.com/articles/SB901471877741784500 |access-date=2022-11-03 |issn=0099-9660}}
References
{{Reflist}}
{{BNY Mellon}}
{{Major asset management companies}}