US - Russell Investments has tapped two Barclays Global Investors executives formerly tasked with growing its ETF arm iShares to help Russell build out products related to the exchange traded funds business.
In a statement today, Russell said it hired James Polisson to serve as managing director of Russell's ETF business, and Andrew Arenberg as managing director of global ETF distribution.
Polisson was previously at BGI, former iShares parent company, where he served as chief marketing officer overseeing iShares and other businesses.
Arenberg was managing director of BGI's global eBusiness and served as managing director of channel marketing for BGI. According to the Russell release, he helped build out iShares' marketing activities in Asia Pacific and Latin America.
iShares is now owned by BlackRock following the firm's acquisition of BGI.
ETF providers like iShares, EasyETF and ProShares provide funds based on Russell indexes.
Russell president and chief executive Andrew Doman said: "For 75 years Russell has consistently delivered innovative solutions to meet investors' needs, and as the ETF industry progresses we're examining how we can bring our unique insight and strong research capability to add value for investors in the ETF space."
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