1301 Second Avenue
18th Floor
Seattle, WA 98101
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Contact
Main Phone: 206-505-7877
Web Site:
http://www.russell.com/us/SiteNav.asp
Mutual Fund Brand(s)
Russell Funds, LifePoints Funds
Research Links
SEC Fund Filings by CIK
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Background:
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Northwestern Mutual had owned Frank Russell since 1999, yet in December 2014 the London Stock Exchange (LSE) bought Russell from Northwestern for $2.7-billion. In 2016, LSE sold Russell Investments to a pair of private equity firms, TA Associates and Reverence Capital Partners, though LSE kept the Russell indexing business.
Founded as a brokerage firm, Russell developed a consulting business evaluating money managers in 1969. That business evolved into a "manager-of-manager" business for the institutional market in 1980. Today, Russell is an international company that manages over 400 funds with myriad investment strategies, serving both individual and institutional investors.
In August 2010 Northwestern Mutual leaders reportedly considered seeking a buyer for Russell Investments. They denied the accuracy of that report at the time. 1
On July 12, 2011, Russell Investments named Len Brennan its new president and CEO. Brennan takes over from Andrew Doman, who has become chairman of the board.
Russell Investments founded and maintainws the Russell Indexes, a family of global equity indexes that allow investors to track performance of distinct market segments worldwide. The firm launched its family of U.S. indexes in 1984. However, when LSE separated the indexing business off when it sold Russell in 2016.
Early History
Frank Russell, a retired Wall Street broker, founded Russell Investments in 1936 after moving from New York to Tacoma, Washington. The company initially offered financial counseling services and managed a single mutual fund.
The life insurance provider Northwestern Mutual acquired Russell in 1999, but Russell maintained its name, management, office locations, and investment approach. In the same year, Russell was first listed (at number 15) on the Fortune Magazine "Best Companies to Work for in America" list. Russell Investments appeared on the list again in 2000, 2001, 2002, 2006, and 2008.
In March of 2004, Russell acquired Pantheon Ventures, the global private equity fund-of-funds specialist headquartered in London. In February 2010, Russell sold Pantheon to Boston-based Affiliated Managers Group.
2008 was a year of big changes for Russell. In June, Craig Ueland, Russell's CEO since 2004, left the company. The firm also reportedly hired Boston Consulting Group to help take Russell in a new strategic direction.
Northwestern Mutual's John Schlifske held the CEO spot on an interim basis until January 2009, when Russell hired McKinsey veteran Andrew Doman as its new chief.
In September 2008, Northwestern announced it will support the value of the Lehman Brothers credit held in two money funds, the Russell Investment Co. Money Market Fund and the Russell Trust Co. Short Term Investment Fund. Later that fall, four senior-level executives left the firm, including North American chief investment officer Noel Lamb, senior portfolio manager and head of short-term investments Mark Amberson, senior portfolio manager Philip Coates, and director of credit research Helen Stewart.
In 2010, Russell relocated its headquarters from Tacoma, Washington to Seattle. Russell purchased the former Washington Mutual building in Seattle and renamed it the Russell Investments Center.
In January 2010, Russell hired Barclays Global Investors alums James Polisson as managing director of the global ETF business and Andy Arenberg as managing director of global ETF distribution. Less than three months later, in April, Russell filed to launch 11 new ETFs in the growth, value, and emerging market allocations. As an index provider, Russell has licensing agreements with ETF sponsors including iShares, Direxionshares, ProShares and Rydex ExpressShares.
On January 12, 2011, Russell had announced it was buying ETF provider U.S. One.
1 "Northwestern Mutual mulls selling Russell Investments, sources say," InvestmentNews (Aug. 25, 2010)
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Sponsored Opportunities
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Key People:
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Michelle Seitz
Chairman, CEO, Russell Investments | Kate El-Hillow
Global Chief Investment Officer, Co-President, Russell Investments | Kevin Klingert
Co-President, Russell Investments | Peter Gunning
Vice Chairman, Strategic Relationships Officer, Russell Investments | Charlie Shaffer
Global Head of Distribution, Russell Investments | Al Caesar
Chief Strategy Officer, Russell Investments | Steve Belgrad
Chief Financial Officer, Russell Investments | Brad Jung
Head of North America, Advisor & Intermediary Solutions; President of Russell Investments Canada, Russell Investments | Mollie Jensen
Global Head of Marketing, Russell Investments | Robert Hostetter
Global Head of Solutions, Russell Investments | Kevin Turner
Managing Director, Head of Investment Strategy & Solutions, Russell Investments | Vernon Barback
Chief Administrative Officer, Russell Investments | Adam Goff
Managing Director, Head of Research, Russell Investments | Kelly Mainelli
Managing Director, Head of Customized Portfolio Solutions, Russell Investments | John McMurray
Chief Risk Officer, Chief Auditor, Russell Investments | Ron Pierce
Global Head of Technology, Russell Investments | Jenny Proctor
Chief Human Resources Officer, Russell Investments | Howard Surloff
Chief Legal Officer, Russell Investments | Erik Ristuben
Global Chief Investment Strategist, Russell Investments | Cheryl Wichers
Chief Compliance Officer, Russell Investments | Andy Arenberg
Global Head of ETF Distribution, Russell Investments | Whitney Dow
Director of new business partnerships, Russell Investment Group |
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