Key Russell restructure
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.
Recommended for you
Former deputy CEO of AMP Capital, David Atkin, has announced he will be returning to Australia after stepping down as chief executive of the Principles for Responsible Investment organisation.
A global Morgan Stanley report has found 83 per cent of Asia-Pacific individual investors would select a financial adviser based on their sustainable investment offerings, and are most understanding of how ESG can boost returns.
Insignia Financial has announced the status of the two private equity bidders as due diligence comes to an end, with one bidder opting to pull out.
The corporate regulator has cancelled the AFSL of a Queensland-based financial services provider, having held the licence since mid-2016.
