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Our People

NewSouth’s people are the foundation of its value proposition and the source of its stability. Our leadership, investment team, client relations and operations professionals collaborate to support our clients’ investment objectives.

MIchael Bailey

Michael N. Bailey, CFA

Michael N. Bailey, CFA

Principal, Analyst and Portfolio Manager

Michael N. Bailey joined NewSouth Capital Management, Inc. in 2014 as a member of the research team. Prior to joining NewSouth, Mr. Bailey was an Associate in the Investment Banking Division at Goldman, Sachs & Co. and began his career in public accountancy as a valuation analyst.

Mr. Bailey holds a Juris Doctorate from the University of Virginia School of Law and a Master of Business Administration from the Darden School of Business at the University of Virginia. He earned a Master of Science from the London School of Economics in 2003, and a Bachelor of Accountancy from the University of Mississippi in 2002. Mr. Bailey has been a CFA® charterholder since 2012 and is a member of CFA Society Memphis and CFA Society Virginia.

18 years of experience

10 years with NewSouth

Avery Bizzell

Avery W. Bizzell

Avery W. Bizzell

Ms. Bizzell joined NewSouth Capital Management, Inc. in 2021. Formerly a Senior Associate at Dixon Hughes Goodman LLP, Ms. Bizzell received her Bachelor of Accountancy in 2015 and Master of Professional Accountancy in 2016, both from Mississippi State University.

7 years of experience

3 years with NewSouth

Christine Patti

Christine Burns Patti, CFA

Christine Burns Patti, CFA

Principal, Director of Business Development

Christine Burns Patti joined NewSouth Capital Management, Inc. in 2010 as Director of Business Development. Prior to joining NewSouth, Ms. Burns Patti was Vice President – Marketing at DKR Capital. She also held business development responsibilities at Credit Suisse Asset Management, Schroder Asset Management, and MetLife. She began her career with The Travelers.

Ms. Burns Patti graduated with honors with a Bachelor of Science in 1982 and a Master of Business of Administration in 1987, both from the University of Connecticut. She has been a CFA® charterholder since 2000 and is a member of CFA Society New York, AIMSE (Association of Investment Management Sales Executives) and WIP (Women Investment Professionals).

37 years of experience

14 years with NewSouth

Patrick Danehy

Patrick J. Danehy, CFA

Patrick J. Danehy, CFA

Principal, Director of Client Communications and Chief Compliance Officer

Patrick J. Danehy joined NewSouth Capital Management, Inc. in 1994 and is the Director of Client Communications and Chief Compliance Officer. Prior to joining NewSouth, Mr. Danehy was Vice President – Senior Strategist with Commerce Investment Corporation. He began his career with Coopers & Lybrand where he served as an Audit Senior.

Mr. Danehy graduated with a Bachelor of Arts from Appalachian State University in 1986. He currently serves as Board Member for ArtsMemphis, Treasurer for The Mid-South Food Bank and was previously on the board of Lausanne Collegiate School. Mr. Danehy has been a CFA® charterholder since 1997 and is a member of CFA Society Memphis.

37 years of experience

30 years with NewSouth

Robbin Esterman

Robbin M. Esterman

Robbin M. Esterman

Ms. Esterman joined NewSouth Capital Management, Inc. in 2013 with prior experience in investment management operations at Morgan Keegan & Co, now Raymond James. Ms. Esterman received a Bachelor of Arts in Finance from the University of Memphis.

38 years of experience

11 years with NewSouth

Emily Horton

Emily F. Horton

Emily F. Horton

Trading

Ms. Horton joined NewSouth Capital Management, Inc. in 2012 with prior experience in accounting, payroll and operations. She earned a Bachelor of Business Administration from the University of Memphis in 2009.

12 years of experience

12 years with NewSouth

Andrew MacQueen

Andrew L. MacQueen, CFA

Andrew L. MacQueen, CFA

Principal, Head Trader

Andrew L. MacQueen joined NewSouth Capital Management, Inc. in 1988 and is the firm’s Head Trader. He was formerly a Fixed Income Analyst with First Tennessee Investment Management, Inc.

Mr. MacQueen graduated with a Bachelor of Arts from Rhodes College in 1987. He currently serves on the Board of Trustees of the Omicron Delta Kappa National Leadership Honor Society. He was previously the Treasurer of the St. Columba Episcopal Retreat Center and is a former member of the Board of Directors of the Memphis Redbirds Foundation. Mr. MacQueen has been a CFA® charterholder since 1991 and is a member of CFA Society Memphis.

37 years of experience

36 years with NewSouth

Alexander McLean

Alexander D. McLean, CFA

Alexander D. McLean, CFA

Principal, Executive Vice-President and Co-Chief Investment Officer

Alexander D. McLean, Executive Vice-President and Co-Chief Investment Officer of NewSouth Capital Management, Inc., joined the firm in 1999 as a member of the research team. Prior to joining NewSouth, Mr. McLean was an Associate with real estate merchant bank Security Capital Group, Inc. and previously worked in international logistics for Intertrans de Mexico. He began his career as a high school teacher.

Mr. McLean earned a Bachelor of Arts from the University of North Carolina at Chapel Hill in 1992 and a Master of Business Administration from The Wharton School at the University of Pennsylvania in 1997. He is currently Chair of the Board of Shelby Farms Park Conservancy and Vice Chair of the University of North Carolina Arts and Sciences Foundation Board. Mr. McLean has been a CFA® charterholder since 2003 and is a member of CFA Society Memphis.

27 years of experience

25 years with NewSouth

Stephen Morrow

D. Stephen Morrow, CFA

D. Stephen Morrow, CFA

Co-Founder, Principal, President and Co-Chief Investment Officer

D. Stephen Morrow, President and Co-Chief Investment Officer of NewSouth Capital Management, Inc., co-founded the firm in May 1985. Mr. Morrow was formerly an investment officer with Southeastern Asset Management, Inc. and First Tennessee Investment Management, Inc.

Mr. Morrow graduated from of the University of Virginia with a Bachelor of Arts in 1975. He is a member of the Memphis University School Board of Trustees, the Synergy Treatment Center Board of Directors and is Chairman Emeritus of The Dixon Gallery and Gardens Board of Trustees. Mr. Morrow has been a CFA® charterholder since 1980 and is a member of CFA Society Memphis.

49 years of experience

39 years with NewSouth

David Newman

David M. Newman

David M. Newman

Principal, Chief Financial Officer

David M. Newman joined NewSouth Capital Management, Inc. in 1995 as Chief Financial Officer. Prior to joining NewSouth, Mr. Newman was Director of Financial Services with Dover Elevator Systems, Inc. He began his career with Rhea & Ivy CPAs where he served as a Staff Accountant.

Mr. Newman graduated with a Bachelor of Business Administration in Accounting from Memphis State University in 1984. He is a former Trustee of Briarcrest Christian School.

29 years of experience

29 years with NewSouth

Patricia Prather

Patricia B. Prather

Patricia B. Prather

Ms. Prather joined NewSouth Capital Management, Inc. in 1994 with prior experience in trust and banking operations at National Bank of Commerce, now Truist Financial Corp.

39 years of experience

30 years with NewSouth

Andrew Rutlin

Andrew B. Rutlin, CFA

Andrew B. Rutlin, CFA

Principal, Analyst and Portfolio Manager

Andrew B. Rutlin joined NewSouth Capital Management, Inc. in 2012 as a member of the research team. Prior to joining NewSouth, Mr. Rutlin was a Research Analyst at Netols Asset Management. He was also a Research Analyst at Thornburg Investment Management and Nicholas Company, Inc. and began his career at Robert W. Baird & Co. Inc.

Mr. Rutlin earned a Bachelor of Business Administration from the University of Wisconsin-Madison in 1996. He has been a CFA® charterholder since 1999 and is a member of CFA Society Milwaukee.

28 years of experience

12 years with NewSouth

Karen Scherrod

Karen C. Scherrod

Karen C. Scherrod

Ms. Scherrod joined NewSouth Capital Management, Inc. in 2003 with prior experience in investment management operations at Morgan Keegan & Co, now Raymond James.

33 years of experience

21 years with NewSouth

Paul Shifflet

Paul R. Shifflet, CFA

Paul R. Shifflet, CFA

Vice President, Analyst and Portfolio Manager

Paul R. Shifflet joined NewSouth Capital Management, Inc. in 2021 as a member of the research team. Prior to joining NewSouth, Mr. Shifflet was an Equity Research Analyst with Eaton Vance Management’s Value Team. He began his career as an Associate Analyst at Cooke & Bieler, LP.

Mr. Shifflet earned a Bachelor of Arts in Economics from Haverford College in 2011 and a Master of Business Administration from The Wharton School at the University of Pennsylvania in 2017. He has been a CFA® charterholder since 2015 and is a member of CFA Society Memphis.

11 years of experience

3 years with NewSouth

Stephanie Simpson

Stephanie A. Simpson

Stephanie A. Simpson

Principal, Chief Administrative Officer

Stephanie A. Simpson joined NewSouth Capital Management, Inc. in 2016. Prior to joining NewSouth, Ms. Simpson was Senior Vice President, Disability and Absence Management Practice and Compliance at Sedgwick Claims Management Services, Inc. She held several other positions at Sedgwick, including Corporate Counsel and Vice President – Human Resources Compliance. She began her career with Guardsmark.

Ms. Simpson graduated with a Bachelor of Arts in 1997 and a Juris Doctor in 2001, both from the University of Memphis. She is the founder and President of 901 Petals of Purpose (901 POP) and a past President of the Junior League of Memphis.

8 years of experience

8 years with NewSouth

Mary Webb

Mary S. Webb

Mary S. Webb

Ms. Webb joined NewSouth Capital Management, Inc. in 2011 with prior experience in investment management operations at Morgan Asset Management, Inc. and banking and trust operations at Union Planters, now Regions Financial Corp.

46 years of experience

13 years with NewSouth