Newton Investment Management
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Newton Investment Management is a
investment management Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be instit ...
firm based in London. It is subsidiary of
BNY Mellon Investment Management BNY Mellon Investment Management (BNY Mellon IM) is the investment management division of BNY Mellon. It is one of the largest asset managers in the world with $2.4 trillion in assets under management as of December 31, 2021. BNY IM uses seven ...
.


History

The firm was founded as Newton in 1978 as a joint venture with Scottish insurance broker Reed Stonehouse. In 1986, it was acquired by alexander & alexander and was renamed to Newton Investment Management. In 1992, the firm did a
management buyout A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management-, and/or leveraged buyout became noted phenomena o ...
of alexander & alexander's stake. In 1994, it acquired Capital House group of companies from the
Royal Bank of Scotland The Royal Bank of Scotland plc (RBS; gd, Banca Rìoghail na h-Alba) is a major retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest (in England and Wales) and Ulster B ...
, with the bank acquiring a 33% interest in Newton Investment Management. In 1998, Mellon Bank (now
BNY Mellon The Bank of New York Mellon Corporation, commonly known as BNY Mellon, is an American investment banking services holding company headquartered in New York City. BNY Mellon was formed from the merger of The Bank of New York and the Mellon Finan ...
) acquired 75% of Newton Investment Management for $277 million and in 2002, acquired the remaining interest.


References

{{Major asset management companies Investment companies of the United Kingdom BNY Mellon