Newton taps German asset giant for equity team restructure

Ilga Haubelt to head firm’s £11.1bn equity opportunities team

Newton Investment Management has appointed German asset manager Deka Investment’s Ilga Haubelt as it restructures its active equity team.

Haubelt (pictured) will join the firm on 4 November as head of equity opportunities, a newly-created role based in London. She will report to Newton chief investment officer Curt Custard.

The appointment comes after Newton split its 16-member active equity team into two: equity income and equity opportunities. Haubelt will lead the 10-strong equity opportunities team responsible for Newton’s active equity strategies not managed on an income basis. These include its global, Asian, US, emerging, UK and European equity funds.

Funds managed by the equity opportunities team account for £11.1bn of Newton’s £23.5bn of active equity mandates while those run by the equity income team make up £12.3bn.

At Frankfurt-based Deka Investment, Haubelt was head of global equities, overseeing 23 people and assets of more than £12bn. While there she also managed the firm’s largest equity fund, the €7.6bn (£6.6bn) Deka Dividend Strategy.

She has also worked as a portfolio manager at Union Investment and as a real estate research specialist at MEAG, the asset management arm of insurers Munich Re and Ergo.

Custard said: “Ilga is a highly experienced equity portfolio manager and team leader, bringing skills which complement our strong equity opportunities team, as well as our pedigree in research and idea generation. We are looking forward to welcoming her to Newton.”

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