Russell Investment Group has merged its Australian and New Zealand institutional and retail adviser businesses into a single unit to be called Investor Services.
The company said the move reflected the changing needs of Russell’s range of institutional and financial adviser clients in Australia and New Zealand who were increasingly looking for services that spanned the retail/institutional divide.
Commenting on the move today, Russell managing director, Australasia, Alan Schoenheimer said the company had found a growing number of institutional clients looking to provide services to their individual members, while adviser clients were seeking access to Russell’s institutional investment consulting services.
“Restructuring our organisation to respond to our clients’ needs for services across the retail and institutional spectrum will enable us to provide a more seamless service and allow clients to receive the full benefit of our investment and superannuation expertise,” he said.
The Investor Services group will be headed by Chris Corneil who was formerly head of Russell’s retail investor services business.
