People Moves

Newton IM Names New Emerging Market, Asian Equities Head

Amanda Cheesley Deputy Editor 13 November 2023

Newton IM Names New Emerging Market, Asian Equities Head

Newton Investment Management, part of BNY Mellon Investment Management, makes senior hire. 

Newton Investment Management has hired Liliana Castillo Dearth (pictured) to lead the firm’s emerging market and Asia equities team.

She is replacing Paul Birchenough and Ian Smith, co-leads of the emerging markets and Asia equities team, who left to pursue other opportunities. In this London-based role, Dearth will report to chief investment officer of equities, John Porter, the firm said in a statement. She will also work with portfolio managers Alex Khosla and Zoe Kan, and investment analysts, Fei Chen and Aditya Shah. 

Dearth has managed equity strategies for more than 20 years, most recently as portfolio manager at Wellington Management where she developed and managed emerging market equity portfolios, investing in sustainable, secular growth trends in those markets. Prior to Wellington, she spent 18 years at AllianceBernstein, progressing from research analyst to lead portfolio manager of international and emerging markets portfolios, the firm continued.

“Lilliana brings with her a strong pedigree of two decades of global emerging markets experience. Her proven investment approach strongly aligns with Newton’s own philosophy of research-led stock selection and she shares our focus on maintaining a long-term investment approach to help identify enduring areas of growth,” Porter said.

“Emerging market and Asia equities remain a strategic focus for Newton, and we continue to see strong demand in our capabilities,” Euan Munro, CEO of Newton, added. “Liliana will play an important role in the development of this area of our equity offering.”

Newton IM, which provides investment advice to institutional clients, including US and global pension funds, sovereign wealth funds, central banks, endowments, foundations, insurance companies, registered mutual funds, has offices in London, Boston, New York San Francisco and Tokyo. It is part of BNY Mellon Investment Management, a large asset manager, with $1.8 trillion in assets under management. 

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