Newton hires Curt Custard as it shakes up management

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Newton Investment Management has hired Curt Custard to the newly created role of chief investment officer as it shakes up its management team in a global push.

Custard joins from UBS Asset Management where he was group managing director and head of investment solutions in London and Chicago. Prior to this, Custard was head of multi-asset at Schroders.

Subject to regulatory approval he will join Newton’s board.

Global head of distribution Julian Lyne has also been promoted as chief commercial officer, which will include responsibility for the firm’s client relationship area.

Andrew Downs and James Helby remain as chief operating officer and chief risk officer respectively.

Newton chief executive officer Hanneke Smits says the new management structure comes as the company prepares to grow its global footprint.