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MARCH 21, 2011

Russell further strengthens corporate super capabilities

Geoff Peck appointed as MD of Russell's corporate superannuation business Russell to build out market-leading individual investor experience

SYDNEY, 21 March 2011 - Russell has further strengthened its corporate superannuation business with the announcement of new initiatives aimed at driving further growth and bolstering the individual investor experience. The first of the new initiatives is the appointment of industry expert Geoff Peck to Managing Director, Corporate Superannuation.

Mr Peck joined Russell in early 2009 and is one of Australia’s most experienced superannuation practitioners, having previously held senior roles at BT Financial Group. He brings more than 25 years’ experience in the investment and superannuation sector and has sound knowledge across a broad range of fields including investments, risk management, product management, life insurance, member services and financial advice.

Chris Corneil, Russell’s CEO Australasia, said he was confident Mr Peck’s appointment would be well received by clients as well as the team at Russell.
“Geoff has already brought great value to the team and has been instrumental in growing this important area of the business. His passion and vast experience are well recognised within the superannuation industry,” Mr Corneil said.

Mr Peck today announced what he described as a transformational plan for Russell’s corporate superannuation business. The plan includes ambitions for Russell to build out a market-leading individual investor experience, as well as the delivery of limited advice and other MySuper initiatives.

“I am focused on delivering the best possible outcomes for clients. I look forward to further developing and refining the service we offer and to enhancing our capabilities in this area,” Mr Peck said. 

Russell confirmed it is actively recruiting for additional hires to deepen resources and further expand its corporate superannuation business.

Russell provides services to some of the largest corporate superannuation funds in the country, with total assets under management in Australia of more than AUD53 billion and 220,000 members under administration. Russell’s experienced corporate superannuation business provides a comprehensive array of services to nine out of the ten largest corporate superannuation plans in Australia. Services range from consulting advice to complete outsourcing solutions including member administration, implemented investment services and the Russell Super Solution Master Trust.

In addition to his impressive industry background, Mr Peck has written a book to give every day Australians a better understanding of how to manage their superannuation in the wake of the global financial crisis.  Titled Salvage your Super, the book aims to help people get their super back on track and to develop realistic goals and strategies for meeting their retirement needs.

About Russell
Founded in 1936, Russell Investments is a global financial services firm that serves institutional investors, financial advisers and individuals in more than 40 countries.  Over the course of its history, Russell’s innovations have come to define many of the practices that are standard in the investment world today, and have earned the company a reputation for excellence and leadership.  

Through a unique combination of wide-ranging and inter-linked businesses, Russell delivers financial products, services and advice. A pioneer, Russell began its strategic pension fund consulting business in 1969 and today is trusted by many well-known worldwide institutions for investment advice. The firm has US$155 billion in assets under management (as of 31/12/10) in its investment funds, retirement products, and institutional funds, and is well recognized for its depth of research and quality of manager selection.  Russell offers a comprehensive range of implementation services that helps institutional clients maximize their assets. Russell provides leading administration and member services to over 220,000 individuals through its Australian Member Administration Centre. The Russell Indexes calculates over 50,000 benchmarks daily covering 65 countries and more than 10,000 securities.

Russell is headquartered in Seattle, Washington, USA with offices in Amsterdam, Auckland, Johannesburg, London, Melbourne, New York, Paris, San Francisco, Seoul, Singapore, Sydney, Tokyo and Toronto. For more information about how Russell helps to improve financial security for people, visit us at www.russell.com.au

 

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