LONDON and NEW YORK, Oct. 22 /PRNewswire-FirstCall/ -- Helena Morrissey, chief executive officer of Newton*, part of BNY Mellon Asset Management, has been named the 'Most Influential Woman in Asset Management' at the Financial News Awards for Excellence in Institutional Asset Management Europe 2010.
The Financial News Excellence Awards aim to chart the progress and recognise the achievements of the top players operating within the asset management industry in Europe. Financial News' team of specialist asset management journalists considered several hundred companies and individuals, and referred to information including investment performance, mandate wins, significant hires, profitability, innovations or other matters, and compiled a shortlist of up to five nominations for each category. The shortlists were sent to 80 judges, comprising pension scheme officers, investment consultants, asset managers, fund of funds managers and other advisers to the asset management industry. From a grouping of strong candidates, the panel of 80 voted that Morrissey was to be the recipient of this distinguished award.
Mitchell Harris, interim head of BNY Mellon Asset Management, comments: "As chief executive officer of Newton, Helena has helped her team realise growth in Newton Investment Management's business despite varied market conditions. To the end of June of this year, Newton's global assets under management grew by 25% over one year and ex-UK assets under management doubled over the previous three, with 4.5bn pounds Sterling of the total growth attributed to new institutional wins."
Morrissey has extensive experience in asset management, both as chief executive officer at Newton and through her previous role as a fixed income manager. In addition to her wholehearted engagement with the asset management industry, she is committed through a number of initiatives to championing the role of women in business.
As well as her role at Newton, Morrissey is a Director of the UK Investment Management Association. She is the only female board director and, indeed, the only female director there has ever been at the IMA. In addition she has served on the FSA Practitioner Panel for the last four years, representing the asset management industry. In 2010 she has chaired the panel's survey group, the biennial survey conducted of the financial services industry which will influence the outcome of proposed regulatory reforms. She is also a member of the Royal Academy's corporate board.
Morrissey has expressed her views constructively on a range of industry topics, for example, as a member of the HM Treasury Asset Management Working Group and in her response to the Personal Accounts Delivery Authority's consultation paper last year.
Notes to Editors:
Newton* is a London-based global asset management subsidiary of The Bank of New York Mellon Corporation and part of BNY Mellon Asset Management. With assets under management of more than $71 billion, including assets managed by Newton Investment Management Limited as dual officers of Newton Capital Management Limited and The Bank of New York Mellon, Newton's group of affiliated companies provides a broad range of award-winning investment products and services to individuals, pension funds, charities and corporations. News and other information about Newton is available at www.newton.co.uk.
BNY Mellon Asset Management is the umbrella organisation for BNY Mellon's affiliated investment management firms and global distribution companies. Information about BNY Mellon Asset Management is available at www.bnymellonam.com.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $24.4 trillion in assets under custody and administration and $1.14 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE : BK ). Additional information is available at www.bnymellon.com.
*'Newton' refers to the following group of affiliated companies: Newton Investment Management Limited, Newton Capital Management Limited, Newton International Investment Management Limited, Newton Capital Management LLC and Newton Fund Managers (CI) Limited. Assets under management include assets managed by all of these companies except Newton Capital Management LLC, which provides marketing services in the U.S. for Newton Capital Management Limited. Except for Newton Capital Management LLC and Newton Capital Management Limited, none of the other Newton companies offer services in the US and Canada. Newton Capital Management Limited is an investment management firm authorized and regulated in the United Kingdom by the Financial Services Authority in the conduct of investment business and is a wholly owned subsidiary of The Bank of New York Mellon Corporation. Registered in England no: 2675952. Newton Capital Management Limited is registered in the United States as an investment adviser under the Investment Advisers Act of 1940. Unless otherwise stated, all information source BNY Mellon Asset Management as at 30 September 2010. This press release is qualified for issuance in the UK, US and Canada and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorised. This press release is issued by BNY Mellon Asset Management (US & Canada) and BNY Mellon Asset Management International Limited (ex-US/Canada) to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. Registered office of BNY Mellon Asset Management International: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorised and regulated by the Financial Services Authority. A BNY Mellon Company(SM)
SOURCE BNY Mellon