BNY Mellon has announced that Simon Nichols is to take over as lead manager on the £314.7m Newton Bridge fund, replacing Caroline Tye.
Tye was appointed head of private client business following a recent reorganisation of the private client side of its business.
Julie-Ann Ashcroft is set to continue as alternate manager of the Newton Bridge fund, a role she has held since April 2009.
Caroline Tye, head of private client business at Newton, says: “Following my appointment as head of our private client business, we want to ensure that we continue to provide a high class service to our clients.
“A priority was to appoint a new lead manager to the Newton Bridge fund who is experienced in managing multi-asset strategies in line with Newton’s global thematic investment process.”
She adds: “As lead manager of the Newton Cautious Managed fund, which invests in both equity and fixed income and cash, Simon is ideally suited to take over my responsibilities on the Newton Bridge fund.
“I am confident that, working together, Simon and Julie-Ann will continue to aim to deliver positive investment returns for investors.”