AUSTRALIA/NEW ZEALAND - Russell Investment Group has merged its institutional and retail businesses, as investors increasingly demand services that cross the retail/institutional divide.
The institutional and retail businesses in Australia and New Zealand will come under the umbrella of Investor Services - headed by Chris Corneil, formerly head of Russell's retail investor services business.
Corneil will be supported by the existing institutional and retail management teams comprising Joanna Davison, Andrew Lill, Patricia Curtin, Chris Briant and Ed Schuck.
Schoenheimer said: "The financial landscape is constantly evolving and today we find a growing number of our institutional clients are looking to provide advice services to their individual members, while our adviser clients are seeking to access Russell's institutional investment consulting services.
"Restructuring our organisation to respond to our clients' need for services across the retail and institutional spectrum will enable us to provide a more seamless service and allow clients to receive the full benefit of our investment and superannuation expertise."
The Russell Superannuation Services group, led by Linda Elkins, will remain unchanged and will continue to focus on working with Australian superannuation funds to help grow members' super balances and provide retirement solutions to members.
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