Arun Sudhaman 27 May 2012 // 11:00PM GMT
LONDON--Newton Investment Management, one of BNY Mellon’s key fund management brands, has put its PR brief up for review.
The fund house has worked with MHP Communications since 2008, when financial arm Penrose won the business. It is understood that several UK firms have been briefed regarding the current review, including MHP.
Newton currently manages assets of more than £46bn, and is seen as a key component of BNY Mellon’s £381bn asset management business.
After launching in 1978, Newton was acquired by Mellon in 1998. Despite seeing assets under management decline seven percent in 2011, profits grew by almost 50 percent thanks in part to a broad product range.
Newton is led by CEO Helena Morrissey, who has been a high-profile advocate for boardroom gender equality.