BNY Investments Newton is an investment management firm based in London. It is subsidiary of BNY Investments.[1]
History
The firm was founded as Newton in 1978 as a joint venture with Scottish insurance broker Reed Stonehouse.[2][3] In 1986, it was acquired by alexander & alexander and was renamed to Newton Investment Management.[2][3] In 1992, the firm did a management buyout of alexander & alexander's stake.[2][3] 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.[2][3]
In 1998, Mellon Bank (now BNY) acquired 75% of Newton Investment Management for $277 million and in 2002, acquired the remaining interest.[2][3][4]
In 2025 Newton Investment Management was renamed to BNY Investments Newton.
References
- Newton retrieved 2018-05-09^
- Best unit trust: Newton Investment Management The Guardian, 2004-09-10, retrieved 2022-11-03^
- Newton: the firm where stability meets change 2010-04-22, retrieved 2022-11-03^
- Sara Calian. Mellon Bank Agrees to Acquire 75% of Newton Management The Wall Street Journal, 1998-07-28, retrieved 2022-11-03^