Newton Investment Management's Paul Brain, deputy chief investment officer, multi-asset, has retired after a 40-year career.
He has worked at Newton for more than 20 years, holding senior positions in the fixed income division for most of that time. He managed several of the firm’s flagship funds, including the £835m Global Dynamic Bond fund, originally launched in 2006.
In July 2023 he moved into the multi-asset team, where he served as a macro strategist and also led efforts to create new products.
A spokesperson from Newton credited Brain for laying the foundations of the firm’s current research process.
In a post on LinkedIn, Brain added: “My fixed income and multi-asset career saw financial crisis, high inflation, deflation, high rates and negative rates, stock market crashes and also a pandemic. None of them due to me, I hasten to add.
“We didn’t always get it right but we have been able to grow the wealth of our clients and be a success of which I am very proud.”
Following Brain’s departure, the multi-asset team will continue to be led by its CIO, Mitesh Sheth.