Newton Investment Management, the UK fund arm of US financial services firm Mellon Financial, has hired Jason Pidcock from BP Investment Management to lead its Far East ex-Japan team following the departure last week of Ezra Sun.

The new arrival comes at a time that Newton is trying to draw a line under the loss of key personnel. Most recently Duncan Squire, head of portfolio analytics at Newton, has revealed he is leaving the firm at the end of August to join Fidelity Investments as director of investment performance and risk.