Russell Investments CEO steps down
Russell Investments chief executive officer for Asia Pacific, Alan Schoenheimer, has stepped down from his role and will be replaced by chief investment officer Pete Gunning.
Schoenheimer, who will transition to a non-executive advisory role at Russell, had been with the company for more than 20 years.
“Throughout his career at Russell, initially as a senior consultant in our Sydney office and later in institutional and retail funds leadership positions, Alan served our clients with an emphasis on bringing Russell’s innovative multi-asset, outcome-oriented solutions to bear across a wide range of asset classes and strategies,” said CEO Len Brennan.
Gunning will return to Sydney to manage the Asia-Pacific region and will be replaced by current chief investment officer, global fixed income, Jeff Hussey.
Gunning joined Russell in its Sydney office in 1996, and will now have responsibility for the firm’s business activities in Japan, Korea, China, Taiwan, Singapore, Australia and New Zealand.
He will continue to serve as a member of Russell’s Executive Committee and report to Brennan.
“Pete’s knowledge of Asia-Pacific markets and experience as a global CIO will prove valuable as Russell pursues its growth strategy in the region to deliver customised multi-asset solutions to investors,” Brennan said.
Gerard Fitzpatrick, currently a senior fixed income portfolio manager, will succeed Hussey as chief investment officer, global fixed income.
AUTHOR
Staff Writer
Recommended for you
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.
Iress has completed the sale of its platform business, bringing $4.1 billion in funds under administration over to Praemium.
