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 Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Sector Spotlight: Kleinwort Benson's Choukeir on UK equities

Sector Spotlight: Kleinwort Benson's Choukeir on UK equities

In our first Sector Spotlight of the year we explore UK equities on the back of the extreme market turbulence in 2016.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Your Business: Cover Star Club

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

In a buyers’ market for off-the-peg discretionary management, self-funded start-ups begin at an inherent disadvantage

Wealth Manager on Twitter