NEWTON APPOINTED TO ST. JAMES'S PLACE RANGE OF FUNDS
London
26 July 2006
Newton Investment Management Limited, a UK asset management subsidiary of Mellon Financial Corporation, has been appointed to manage approximately £450 million of global equity assets for St. James's Place Group.
In conjunction with independent consultants Stamford Associates, the investment committee of St. James's Place Group undertook a wide-ranging review and has contracted out the management of three of its funds to Newton Investment Management.
Paul Butler, Investment Leader, Global Equities at Newton and manager of the Newton International Growth Fund, will manage three funds incorporated in the UK and offshore.
Commenting on the news, Helena Morrissey, Chief Executive Officer at Newton Investment Management, said, :"St. James's Place has been providing a service to high net worth individuals since 1992 and we are thrilled to have passed the stringent selection criteria in order to manage this fund."
Contact:
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Jamie Brookes +44 (0) 20 7163 2146 |
Rebecca Grundy +44 (0) 20 7163 2744 |
Notes to editors:
Newton Investment Management Limited is a London-based UK asset management subsidiary of Mellon Financial Corporation. With assets under management of almost £31 billion, the company provides a broad range of award-winning investment products and services to individuals, pension funds, charities and corporations. Newton has offices in London, Edinburgh, Leeds and Jersey. News and other information about Newton is available at www.newton.co.uk .
Mellon Financial Corporation is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing asset management, private wealth management, asset servicing, and payment solutions and investor services. Mellon has approximately $5.1 trillion in assets under management, administration or custody, including $870 billion under management. News and other information about Mellon is available at www.mellon.com .
All information and figures source Newton unless otherwise stated as at 30 June 2006. This press release is issued by Newton Investment Management Limited to members of the financial press and media and the information contained herein should not be construed as investment advice. Past Performance is not a guide to future performance. Registered office: Mellon Financial Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1371973. Authorised and regulated by the Financial Services Authority
A Mellon Financial CompanySM
