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Newton Investment Management
Newton Investment Management is a investment management firm based in London. It is subsidiary of BNY Investments.[1] HistoryThe 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] References
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