GLOBAL - Russell Investments has announced its Australian chief executive will be moved to London to take charge of the firm's international business operations.
Chris Corneil, former managing director of Russell's Investor Services group, has been promoted to head Russell's Australian and New Zealand businesses and will report to Schoenheimer.
Schoenheimer said: "As one of the largest advisers to pension and super funds around the world we continue to see our value proposition resonate with clients in this time of unprecedented market uncertainty.
"Russell's core strategy is to provide superior investment management by identifying the world's best investment managers and bringing them to individuals, advisers and institutional clients to achieve investment excellence. That skill is now in ever increasing demand."
In other moves, bfinance announced the appointment of Preben Øye to its Northern Europe team as director, business development.
Øye joins from Fidelity Investments where he was relationship manager for Nordic institutional clients. Based between London and the Nordic region, he will report to Northern Europe team leader Richard Tyszkiewicz.
At Julius Baer Group, it was announced that Beat Wittmann, CEO of the investment products division, will be leaving the group to pursue other opportunities. The company said, given the market environment, it was re-evaluating all business initiatives to ensure that resources were deployed to the most attractive opportunities.
This meant the investment products division would be even further aligned with private banking to "maximise efficiency and service quality" while the expansion of the fund range would be de-emphasised. Wittmann will leave the group after advising on the transition.
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