NewSmith appoints partner, vice-chairman

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NewSmith, the London and Tokyo based manager that is 40% owned by Japan’s Sumitrust, has appointed Nick Watts partner and vice-chairman.

Watts appointment comes as NewSmith also announces the retirement of two of its founding partners. Michael Marks and Stephen Zimmerman were part of the group of former Merrill Lynch staff that established the firm in 2003, and will remain shareholders in the business.

Fellow cofounders Paul Roy and Ron Carlsson will remain in their respective roles as chairman and chief executive.

Watts has worked in asset management for some 20 years, including portfolio manager and CIO roles at Rothschilds, Citibank and John Govett. He has also worked in actuarial and consultancy roles.

Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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