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

Paul Birchenough and Ian Smith to join

David Brenchley
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Paul Birchenough (left) and Ian Smith previously co-managed the AXA Framlington global emerging markets funds
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Paul Birchenough (left) and Ian Smith previously co-managed the AXA Framlington global emerging markets funds

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...

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