Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Newton private client boss brings curtain down on 13-year career

Newton private client boss brings curtain down on 13-year career

Newton’s head of international private clients Caroline Mair has resigned from her post after nearly 13 years at the firm.

Newton confirmed the news and said Mair would remain at the company until April 2013.

While permanent a replacement is yet to be announced, oversight of the international private client desk will be transferred to Caroline Tye, head of private clients, and Mair’s individual clients have been shared across other managers in the team.

Mair has spent her entire career at Newton, starting out as a trainee fund manager in 2000 following graduation. She managed her own funds for three years, before being promoted to director of investment management and later heading the international private client business.

The private client team manages just under £4 billion in assets and underwent a restructure at the beginning of this year.

Head of private clients Simon Pryke took on the role of chief investment officer and his post was filled by Tye, who has worked for Newton since 1998.

Last year, Newton announced plans to move up the value chain by increasing its investment minimum to £1 million for new clients.

It also started a process of ending relationships with existing clients under £500,000, saying it was no longer viable to service these portfolios.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Play CIO Tapes: do investors have it as good as it gets?

CIO Tapes: do investors have it as good as it gets?

Citywire gathered three of the UK's leading fund investment heads to discuss what they fear and what makes them cheer about the year ahead

Read More
Your Business: Cover Star Club

Profile: Rathbone's Newcastle boss on the road to £1bn

Profile: Rathbone's Newcastle boss on the road to £1bn

Starting from zero assets on day one, Rathbone's Newcastle team now looks after just over £400 million in clients money

Wealth Manager on Twitter