Launching the 'Newton Women's Boat Race'
London, 21 March 2011 — Newton Investment Management Limited, part of BNY Mellon Asset Management, announces a new partnership with the Openweight Women's Clubs of Cambridge and Oxford Universities.
This sponsorship is aimed at improving the standard and development of the two women's rowing clubs as they aim to take their first steps towards building sustainable high performance programmes which will be equal in magnitude to those offered to their male counterparts. As part of this package, Newton has taken title sponsorship of the Women's Boat Race and Reserves' Race, and will also be supporting the two clubs' training during the summer of 2011.
The core activities will be part of a four-race programme which will take place at Henley-on-Thames on Sunday 27 March 2011. Race-day activities will include boat races for lightweight men and lightweight women, as well as the 'Newton Reserves' Race' which will be between Osiris (for Oxford) and Blondie (for Cambridge). It is envisaged that all eyes will be on the blue ribbon event, the 'Newton Women's Boat Race', which will take place just before the grand finale of the lightweight men's race.
Commenting on the partnership, Helena Morrissey, CEO of Newton, comments: "In the past, women's rowing has never been well funded. Going forward, as austerity measures begin to bite and student fees increase, there will be even less ability for women's clubs to retain athletes for consecutive years, and less chance for athletes to be chosen on merit.
"It is exciting to have the opportunity to support a programme which has the potential to make a real difference to university and women's rowing, as well as women's sport more generally. To be able to partner with two famous female sporting clubs which, like us, are focused on performance, perspective, teamwork and consistency, is a rewarding experience for our own Newton team."
Interest in the events is rising as it has been an exciting year for both universities. Natalie Redgrave, daughter of the illustrious Sir Steve Redgrave, is expected to row for the Oxford Women's Blue Boat, while at Cambridge a change in the coaching team has produced the best results the light blues have seen in recent years. The Cambridge women have had the upper hand all season, with wins over Oxford at Fuller's Fours Head of the River Race and the recent Henley Head. However, with seven wins in the last decade the dark blues will be sure to fight hard.
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 £47 billion, including assets managed by Newton Investment Management 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, offering superior investment management and investment services through a worldwide client-focused team. It has $25.0 trillion in assets under custody and administration and $1.17 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.
All information source BNY Mellon Asset Management International Limited as at 31 December 2010. This press release is qualified for issuance in the UK only 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 International Limited 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: 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.