A top Russell Investments
] executive will retire this summer.
| Sandra Cavanaugh|
Chief Executive Officer, Private Client Services, North America
, 61, will retire from Russell on June 30. She currently serves as CEO of private client services in North America. There's no word yet on who will fill Cavanaugh's shoes.
"Until this time, she will continue leading the U.S. retail business, while working closely with CEO Len Brennan
and the U.S. PCS executive team to ensure a smooth transition as we select and name her successor," Russell spokeswoman Blair Lowman tells MFWire
. "We will select and name a successor as soon as possible. Both internal and external candidates will be considered."
Cavanugh reports directly to Brennan.
Russell six years ago as managing director of private client services. An alumnus of Fresno State, she previously held top distribution jobs at SunTrust and at WaMu's mutual fund business.
| Len Brennan|
Chairman, President, Chief Executive Officer
Meanwhile, the Russell team welcomed
new president Vernon Barback last month. And private equity firms TA Associates and Reverence Capital Partners are buying
Russell from the LSE. The deal is expected to close in the first half of the year.
Russell had $237.3 billion in AUM as of September 30, 2015.
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