Four senior-level employees, including North America chief investment officer Noel Lamb
, have recently left Russell Investments
, according to published reports.
The departures came in the wake of a move by Russell's parent, Northwestern Mutual Life Insurance Co.
, in September to shore up two money market funds with exposure to Lehman Brothers Holdings
September 17, 2008).
, CIO of multistrategy solutions, took over duties formerly held by Lamb, who left Russell last month to pursue other opportunities in the U.K., a Russell spokeswoman told Pensions & Investments
Three others left two weeks ago, including senior portfolio manager Mark Amberson
, who was also head of short-term investments; senior portfolio manager Philip Coates
; and director of credit research Helen Stewart
replaced Amberson and Joe Glynn
succeeded Coates. Russell is still searching for Stewart's replacement.
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