Russell Investments’ Transition Management service receives “Industry Innovation Award,” expands team to meet increasing client demand
-Industry Innovation Award cites “servicing clients” as a key contributor to Russell’s client tenure
-Russell adds two implementation portfolio managers to boost the global transition management team
Global asset manager Russell Investments recently earned its fourth consecutive CIO Magazine Industry Innovation Award. Specifically, Russell was recognized in the asset servicing category for its continued commitment to, and success in, transition management (TM) in 2014.
Russell’s TM service was honored by the CIO editorial team in conjunction with an advisory board composed of asset owners. According to CIO, this year’s winners represent those service providers—including consultants, hedge funds, transition managers and more—who deliver innovative ideas, strong performance, and trustworthy advice to institutional investors worldwide.
“This significant award demonstrates industry recognition of our ongoing commitment and success in servicing and retaining TM clients through our client-centric pure agency model,” said Travis Bagley, director, Transition Management, at Russell. “For us, this means working closely with our clients to understand their multi-asset investment goals and then ensuring that we do all we can to meet and where possible exceed those goals.”
According to CIO, one of Russell’s nominators said the following about their experience with Russell’s TM team: “Russell services their clients to death, and once they get their teeth into a client they rarely lose them.”
Russell Investments, which traded a calendar-year record US$1.6 trillion in 2013 through its global implementation services business, recently expanded its global transition management team by hiring two addition implementation portfolio managers. Alexandre (Alex) Martin joined the transition team in London from Societe Generale, where he was responsible for managing complex multi-asset trades. Richard Palmer joined the Sydney team, bringing similar experience, having previously worked as an arbitrage/multi-strategy trader at Macquarie/Nedbank joint venture, followed by various consultant roles.
“We are very pleased that Alex and Richard have joined our global team, providing us with additional capacity to serve the ever growing client demand for our implementation capabilities,” said Steve Kirschner, Managing Director and Global Head of Russell’s Transition Management business.About Russell Investments
Russell Investments (Russell) is a global asset manager and one of only a few firms that offers actively managed multi-asset portfolios and services that include advice, investments and implementation. Russell stands with institutional investors, financial advisors and individuals working with their advisors—using the firm’s core capabilities that extend across capital market insights, manager research, portfolio construction, portfolio implementation and indexes to help each achieve their desired investment outcomes.
Russell has more than $275 billion in assets under management (as of 9/30/2014) and works with over 2,500 institutional clients, independent distribution partners and individual investors globally. As a consultant to some of the largest pools of capital in the world, Russell has $2.6 trillion in assets under advisement (as of 6/30/2014). It has four decades of experience researching and selecting investment managers and meets annually with more than 2,200 managers around the world. Russell traded more than $1.6 trillion in 2013 through its implementation services business. Russell also calculates approximately 700,000 benchmarks daily covering 98% of the investable market globally, including more than 80 countries and more than 10,000 securities. Approximately $5.2 trillion in assets are benchmarked (as of 12/31/2013) Russell Indexes.
Headquartered in Seattle, Washington, Russell Investments operates globally, including through its offices in Seattle, New York, London, Paris, Amsterdam, Sydney, Melbourne, Auckland, Singapore, Seoul, Tokyo, Beijing, Toronto, Chicago, San Diego, Milwaukee and Edinburgh. For more information about how Russell helps to improve financial security for people, visit www.russell.com or follow us @Russell_News.
Russell Investments is a trade name and registered trademark of Frank Russell Company, a Washington USA corporation, which operates through subsidiaries worldwide and is part of London Stock Exchange Group.
Transition Management services provided in the U.S. by Russell Implementation Services Inc., a SEC registered investment adviser and broker-dealer, member FINRA/SIPC.
Russell Investments is an independent organization and is not affiliated with Chief Investment Officer or Asset International, Inc.
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