Newton Investment Management, part of BNY Mellon Investment Management, has announced the expansion of its responsible investment team with the appointment of Andrew Parry as head of sustainable investment.
Mr Parry will start on 14 October and brings with him extensive responsible and sustainable investment expertise as Newton continues to advance its longstanding capabilities in these areas.
He will play an integral role in growing the firm’s sustainable business, as well as overseeing its sustainable strategies, and communicating the firm’s approach to responsible investment to its global client base.
Based in London, he will report to Curt Custard, chief investment officer at Newton.
Mr Parry joins Newton from Hermes Investment Management, where he was most recently head of sustainable investing, developing the firm’s impact investing capabilities, and aligning its funds with the UN Sustainable Development Goals. He previously held roles as head of equities and impact investing at Hermes, and before this as CEO of Hermes Sourcecap Limited.
He has over 30 years of equity investment expertise, having also held roles as CIO of global equities at Northern Trust Global Investments, head of equities at Julius Baer Investment Management, CIO of Lazard Brothers Asset Managers, and head of UK equities at Barings.
“Andrew’s hire underpins the strategic importance and commitment that Newton places on responsible and sustainable investment," Mr Custard said.
"We have a long track record and heritage embedding ESG across our investment strategies and in developing leading responsible investment capabilities, having been evolving our approach since inception in 1978. Andrew’s experience in responsible and sustainable investment will be hugely valuable as we continue to develop our offering in response to our clients’ needs.”
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