AUSTRALIA - Russell Investments has appointed Dr Jerome Lander as director of consulting for Australia.
Lander, who is based in Sydney, is the former CIO of Workcover NSW, where he oversaw the fund's A$12bn investment portfolio. He has also served as the head of international equities and diversified assets at Credit Suisse Asset Management and head of research at Van Eyk Research.
The firm has also hired Migara Alles to join its team of investment consulting analysts. Alles comes to Russell from the wholesale banking division of National Australia Bank and will be based in Melbourne.
Russell Investments said it anticipates a doubling of its investment consulting business over the next three years.
The new hires bring Russell's Australian consulting and advisory team to 18 and the global team to 82 associates. They follow a string of new hires including generalist consultants as well as specialist consultants in the areas of alternatives, after tax investing, risk and operational due diligence, over the last 12 months.
"Over time institutional investors have built up in-house expertise," said Greg Liddel, head of consulting and advisory services in Australia for Russell Investments.
"Many of the investment processes on which they previously sought consulting advice have now become business as usual. The services where they do engage consultants are becoming increasingly complex and specialised. To remain relevant to sophisticated clients in a post-GFC world, consultants need to continually broaden and deepen their pool of intellectual property."
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