Investment manager of Newton IM steps down from position.
In a series of recent developments, Newton Investment Management has announced some significant changes. The parent company of BNY Mellon is currently undergoing a reorganization, which will see Multi Asset, a subsidiary of BNY Mellon, fall under Newton following the reorganization.
One of the most notable changes is the departure of Curt Custard, who served as Chief Investment Officer at Newton Investment Management since 2017. Custard is moving to a new role within Newton, different from his previous role. He is moving back to the USA and will serve as Global Head of Client Solutions for Newton, a subsidiary of BNY Mellon. Prior to joining Newton, Custard was with UBS Asset Management.
To fill the vacancy left by Custard, Newton is currently searching for a new Chief Investment Officer for Multi Asset. The search comes after Paul Flood has been appointed as the new Chief Investment Officer for Multi Asset at Newton Investment Management. Flood is already making waves in the industry, having been featured discussing market outlooks and risks in recent reports dated late July and early August 2025.
In a related development, some teams from Mellon Investment are being redistributed to other subsidiaries. This reorganization is expected to streamline operations and enhance efficiency across the group.
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The Mellon unit, established in 2018 following the merger of Mellon Capital Management, Standish Mellon Asset Management, and The Boston Company Asset Management, is a subsidiary of BNY Mellon. The unit's reorganization is part of the larger restructuring of BNY Mellon's operations.
These changes mark an exciting new chapter for Newton Investment Management and BNY Mellon, and we look forward to seeing how these developments will shape the future of these esteemed institutions.
- The reorganization of BNY Mellon has led to the streamlining of operations within the finance sector, potentially impacting the business strategies of subsidiaries like Newton Investment Management and Mult Asset, particularly in areas such as investing and insurance.
- Newton Investment Management's search for a new Chief Investment Officer for Mult Asset is indicative of the finance industry's dynamics, highlighting the need for continuous leadership changes in business organizations, especially during periods of significant financial transition.
