London-based Newton Investment Management, part of BNY Mellon, has appointed Elizabeth Para to the newly created role of UK institutional business development manager.
Reporting to Julian Lyne, head of UK institutional business development and global consultants, Para will be responsible for establishing new client relationships and building Newton’s presence in the corporate and local authority pensions market.
Lyne says: “Elizabeth is another great addition to the Newton team. Her experience will complement our existing 14-strong team and help drive our long-term strategy to increase focus on key investment strategies for both defined contribution and defined benefit pension schemes, and to grow our business.”
Para most recently worked at equity fund Fundsmith, focusing on institutional sales and consultant relations. She has previously held roles in fixed income and currency business development at State Street Global Advisors, BNP Paribas Investment Partners and Alliance Bernstein.
Newton, a subsidiary of BNY Mellon, has assets under management of £52.8 billion (€73.1 billion), as at 31 March 31, 2015.
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