Newton's Paul Flood takes on further multi-asset funds

Head of MA prepares to retire

clock • 1 min read
Paul Flood of Newton Investment Management
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Paul Flood of Newton Investment Management

Paul Flood has been appointed head of mixed assets investment at BNY Mellon Investment Management subsidiary Newton Investment Management, as its head of multi-asset balanced and charities Rob Stewart prepares to retire later this year.

Flood, who currently manages the BNY Mellon Multi-Asset Income fund and the BNY Mellon Multi-Asset Diversified Return fund, will absorb Stewart's responsibilities as lead manager of the BNY Mellon Multi-Asset Growth fund as of 1 July. He will also join the BNY Mellon Multi-Asset Balanced fund and BNY Mellon Multi-Asset Global Balanced fund management teams, alongside lead manager Simon Nichols. Flood will continue to oversee asset allocation, derivatives, investment trusts and convertible bonds analysis, within the multi-asset team and generate ideas within alternative assets. Mite...

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