Newton UK Equity co-manager Richard Wilmot exits

Newton UK Equity fund co-manager is leaving the firm with fellow co-manager Paul Stephany stepping up to lead manager.

A communication sent out by Newton today confirmed the change on the £1bn fund. Emma Mogford will take up the role of Stephany’s alternate.

Stephany is also lead manager on the £368m Newton UK Opportunities fund with Wilmot as deputy.

A Newton statement says: “We are pleased to announce that Paul Stephany has been appointed lead manager of the Newton UK Equity Fund with immediate effect, with Emma Mogford as his alternate. Paul has brought strong leadership to the Newton UK Opportunities Fund.

“At the same time, Richard Wilmot will be leaving Newton. We wish Richard well for the future and thank him for his commitment to the firm.”