Newton IM adds AXA pair to EM equity team as Marshall-Lee departs after 21 years

Paul Birchenough and Ian Smith to join

Emerging market and Asian equities portfolio manager Rob Marshall-Lee will leave Newton Investment Management after 21 years, to be replaced by AXA Investment Managers’ Paul Birchenough and Ian Smith.

Birchenough and Smith, who will join the firm on 19 October, will head up Newton's £1.5bn suite of emerging market and Asian equity strategies including the £234m BNY Mellon Global Emerging Markets fund alongside Sophia Whitbread, who is currently alternate manager on the fund. Marshall-Lee will continue to manage the portfolios until 30 October and remain with Newton until 30 November to support the portfolio and client transition to the new management team. Birchenough and Smith had previously co-managed the £93m AXA Framlington Emerging Markets fund for five and-a-half years, havin...