The new CEO is filling the slot left vacant after his predecessor held the post on an interim basis amid a number of moves at the business.

Newton Investment Management, which is part of BNY Mellon Investment Management, has appointed Euan Munro as its chief executive officer.
 
The appointment is subject to UK regulatory approval. Munro will join Newton on 23 June and report to Hanneke Smits, CEO of BNY Mellon Investment Management.

Andrew Downs will continue as Newton’s interim CEO until Munro joins the company and receives approval from the Financial Conduct Authority. After this, Downs will resume his role as chief operating officer. Downs took on the interim CEO slot when Hanneke Smits began her transition to CEO of BNY Mellon Investment Management.

Munro, whose investment career spans three decades, was most recently CEO of Aviva Investors and a member of the global executive committee for seven years. Prior to this, he was head of global multi-asset and fixed interest investing at Standard Life Investments.