Clay's co-lead Clark set to leave Newton

No change to global equity strategy

Newton Investment Management's Ian Clark is leaving the BNY Mellon subsidiary to become partner at a small, as yet unrevealed, multi-asset boutique.

Co-lead to manager Nick Clay (pictured) on the £5.4bn Newton Global Income fund and its offshore mirror, the $927m BNY Mellon Global Equity Income fund, he will continue to support the team until the end of August. Newton said there would be no change to the investment process underpinning the strategy and that the group was "actively recruiting" for his replacement. Clay and the rest of the team are said to remain "fully committed" to the strategy and delivering returns for their investors. Newton reshuffles management teams as Metcalfe retires A spokesperson for Newton Invest...