MutualFundWire.com: A $237B Asset Manager's U.S. Retail Chief Is Retiring

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Tuesday, February 23, 2016

A $237B Asset Manager's U.S. Retail Chief Is Retiring

A top Russell Investments [profile] executive will retire this summer.

Sandra Cavanaugh
Russell Investments
Chief Executive Officer, Private Client Services, North America

Sandy Cavanaugh, 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.

Cavanaugh joined 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
Russell Investments
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.

Printed from: MFWire.com/story.asp?s=53531

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