The firm said that Parry will be in charge of growing its sustainable business offering and overseeing communicating the firm’s approach to responsible investment to a global client base.

He joins from Hermes Investment Management, where he was most recently head of sustainable investing, developing the firm’s impact investing capabilities, and aligning funds to the UN Sustainable Development Goals. Previously, he was head of equities and impact investing at Hermes, and before that he was CEO of Hermes Sourcecap Limited. His investment experience spans 30 years, with prior posts as CIO of global equities at Northern Trust Global Investments, head of equities at Julius Baer Investment Management, CIO of Lazard Brothers Asset Managers, and head of UK equities at Barings.

Custard commented that the hire “underpins the strategic importance and commitment that Newton places on responsible and sustainable investment,” which has a strong heritage of “embedding ESG” across investment strategies. “Andrew’s experience in responsible and sustainable investment will be hugely valuable as we continue to develop our offering in response to our clients’ needs,” he said.
 
Newton manages £3.3 billion on a sustainable or ethical basis as of 31 August 2019.