Newton rejigs multi-asset team as Rob Stewart retires

Leadership role carved out for BNY Mellon Multi-Asset Income lead Paul Flood

Paul Flood
Paul Flood


Newton Investment Management has restructured its multi-asset team, carving out a new senior leadership role for Paul Flood, following the retirement of Rob Stewart.

Stewart is a 19-year veteran of the BNY Mellon Investment Management subsidiary and has been head of multi asset and charity investment since May 2020.

His impending departure later this year has prompted Newton to create separate leadership roles, with Flood (pictured) becoming head of mixed assets investment and Hilary Meades stepping into the role of head of charities investment.

Flood, who is currently lead manager on the BNY Mellon Multi-Asset Income fund and Multi-Asset Diversified Return fund, will take over for Stewart on the Multi-Asset Growth fund come 1 July.

He will also join the management team of the Multi-Asset Balanced and Multi-Asset Global Balanced funds alongside lead Simon Nichols.

He will step down as a named manager on the Global Income strategy, previously run by Nick Clay, on 1 August, though he will “continue to play an active part in the management team’s discussions”.

Meades will lead the charge on Newton’s charities investments, managing its team of portfolio managers.

Flood and Meades will report to Mitesh Sheth, CIO of multi asset, and will join the multi-asset senior leadership team, whose other members include Suzanne Hutchins, head of real return, Dimitri Curtil, head of multi-asset solutions, and Paul Brain, head of fixed income.

“For institutional and intermediary markets, there is a growing need for dynamic multi-asset strategies as we face elevated volatility, rising rates and inflation,” Sheth said.

“Our clients need managers who can dynamically manage risk between equities and bonds, between growth and value, between emerging and developed markets.

“Paul and Hilary are seasoned portfolio managers who have extensive experience in their fields, and we’re delighted they will be steering the continued growth and performance of our mixed assets and charities investment capabilities.”


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