Morrissey steps down from Newton

Helena Morrissey has stepped down as chief executive of Newton Investment Management after 15 years and becomes the non-executive chair of the firm’s board of directors. The non-executive chair role is newly created.

Morrissey – a vocal campaigner for more women on company boards and, more recently, just as vocal in her support for Britain to leave the EU – is to be replaced by Hanneke Smits, formerly chief investment officer at private equity firm Adams Street Partners.

Morrissey joined Newton in 1994 and was appointed CEO in 2001 at the age of 35, replacing founders Stewart Newton and Charles Richardson after the firm was purchased by US custody bank BNY Mellon.

As well as her role at Newton, she sits on the board of the UK Investment Association (IA) and on an IA working group investigating company pay. Morrissey is also founder of the 30% Club, a cross-business initiative aimed at achieving 30% women on UK corporate boards.

Newton IM manages assets of around £47 billion pounds (€54.3 billion), as of March 31, 2016.

©2016 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST