The openweight women's clubs of Cambridge and Oxford Universities have announced a new partnership with Newton Investment Management Ltd, which is part of BNY Mellon Asset Management. Newton have taken title sponsorship of the Women's Boat Race and reserves race, and will be supporting the two clubs' training during the summer of 2011. The substantial sponsorship is aimed at improving the standard and development of the two women's clubs.
Newton Investment Management is led by CEO Helena Morrisey, who was named 'Most Influential Woman in Asset Management' last October. In November 2010 Morrissey set up the 30% Club, which aims at increasing the proportion of women in the boardrooms of the FTSE 100 to 30% within the next five years, but without using quotas.
Helena comments: "Newton Investment Management is proud to sponsor the Newton Women's Boat Race and to support the Women's Boat Clubs at Oxford and Cambridge. We believe that with the right support the Women's Clubs have the potential to build sustainable high-performance programmes equal in magnitude to their male counterparts. We hope that this funding starts to make a difference to university and women's rowing - areas that have historically been very underfunded. The Clubs and Newton share the values of performance, perspective, teamwork and consistency and we trust that this is the beginning of a long and strong partnership."