The head of sustainable investment at Newton Investment Management has left the firm to join J O Hambro Capital Management (JOHCM).
Andrew Parry will leave Newton in mid-February next year to join JOHCM as head of investments and a member of the executive team.
He will provide investment oversight to JOHCM’s 14 investment teams including Regnan, the firm’s responsible investment arm.
Parry joined Newton in October 2019, and previously held the same role at Hermes Investment Management, where he worked for 13 years.
He is a member of the CFA UK committee for diversity and inclusion and a member of the investment committee of Trafalgar House Pension Trust.
Alexandra Altinger, JOHCM’s chief executive of UK, Europe and Asia, said: “We’re delighted to be welcoming Andrew to the group.
"Andrew is a respected thought leader in responsible investment and his expertise will add tremendous strength to our investment capabilities, whilst driving product innovation and helping us to build our solutions capabilities for our institutional clients.”
Newton said in a statement today (September 16) that the recruitment for Parry’s replacement was currently underway. He is not a portfolio manager on any Newton-managed strategies or funds.
The firm added it plans to double its responsible investment team by mid-2022, and will soon announce a new head of stewardship.
A spokesperson for the firm added: “Responsible investment has been part of Newton’s DNA since the 1970s and it continues to invest in this area, through additional resources for responsible investment research, engagement activities and ESG data analytics, while of course continuing to deliver investment capabilities to meet clients' needs.”
Euan Munro was appointed chief executive officer of Newton Investment Management in January this year.
Munro joined from Aviva Investors where he was chief executive officer and a member of the global executive committee for seven years.
Munro took up his new role on June 23.