GLOBAL - Russell Investment Group has nabbed Mercer Global Investments' US president Barry McInerney, who joins as director of client service.
Mercer Global Investments is Mercer’s multi-manager arm. On 3 January this year, Phil de Cristo, formerly managing director of pensions management for European DC plans at Fidelity Investments, joined MGI as president of the overall business.
The firm is in the process of rolling out MGI, having launched its US multi-manager business in March 2005. Global Pensions exclusively reported the firm’s plans to roll out a multi-manager business in October, 2004.
The appointment was made in response to demand for strategic advice and investment solutions from institutional clients, Russell said.
Based in New York, McInerney (pictured) will lead a 37-person team responsible for servicing Russell’s US institutional clients.
McInerney made the move after 19 years with Mercer. During this period, he led the firm’s investment consulting businesses in Canada, Latin America and the US.
Craig Ueland, CEO, Russell said: Barry’s extensive industry experience and strong investment background will help Russell build on its strong client service organisation.
McInerney will continue leveraging the recently launched Russell Road Map which aims to help clients identify the investment strategy that best meets their philosophy.
He will also join Russell’s operating committee and will serve as a member of the institutional executive committee.
Commenting on his new role, McInerney said: I'm ready to focus on growing this business across the entire Russell suite of products and services, and raising the overall client service model to the next level.
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