After 15 years as CEO of BNY Mellon boutique Newton Investment Management, Helena Morrissey today announced that she will step down from her role as chief executive, Hanneke Smits, who most recently worked at US private equity firm Adams Street Partners will take on her position.
Morrissey will continue to hold a role as non-executive chair of Newton Investment Management, where she will continue to serve as an adviser and representative of Newton, while Smits will join Newton’s Board of Directors and will become CEO designate.
“After 15 years as Newton’s CEO, I am enormously proud of the service we have provided to our clients, and to have led such a talented team. The time is now right for me to move on to the next phase of my career and for a new CEO at Newton to drive its ongoing growth. I am looking forward to assisting Hanneke over the coming months while also continuing my roles with the Investment Association and the Financial Services Trade and Investment Board, among others” Morrissey explained