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Newton hires UBS’ Custard in management reshuffle

Newton hires UBS’ Custard in management reshuffle

BNY Mellon subsidiary Newton Investment Management (IM) has appointed Curt Custard (pictured) to the newly-created role of chief investment officer (CIO), following a management reshuffle.

Newton chief executive Hanneke Smits said: 'I am pleased to welcome Curt to Newton.

'This new management structure, including the appointment of a chief investment officer, is being announced as Newton prepares to grow its global footprint.'

The reshuffle also saw Julian Lyne, currently global head of distribution, promoted to an expanded role as chief commercial officer (CCO).

Custard joins Newton IM from UBS Asset Management, where he was group managing director and head of investment solutions in London and Chicago.

Prior to this, Custard was head of multi-asset at Schroders Investment Management.

He will oversee all aspects of the investment process, and strengthen the alignment between the investment and commercial sides of the business.

Subject to regulatory approval, the two new board level appointments will see Custard and Lyne join board which currently consists of Smits as well as Andrew Downs and James Helby, chief operating officer and chief risk officer respectively.

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