Russell appoints new CEO for business in Japan (Russell.com)

Russell Appoints New CEO for Business in Japan
Hansen Tapped to Manage Rapid Growth

TACOMA, Wash. — November 23, 2004 — Russell Investment Group has named Mark Hansen as CEO and president of Russell Japan. Effective March 1, Hansen will replace Masa Tsuno, who will become chairman. Hansen, who currently serves as managing director of client service for Russell's U.S. institutional investment business, will relocate to Tokyo in early 2005.

Craig Rawlins, who has served as manager of client service for the Central U.S. region since 1999, will expand his responsibilities to assume management of U.S. client service.

"Russell's business in Japan is booming, and Mark is the right person to manage that growth," said Russell's CEO and President Craig Ueland. "As he transitions to Tokyo, we'll take advantage of other home-grown talent to fill his shoes on our U.S. institutional client services team."

In Japan, Russell's assets under management have doubled in the past year and nearly tripled the level from two years ago. Net revenue in 2004 is up 76% from the same point in 2003.

"We believe Russell is well positioned for continued strong growth in Japan for years to come," Ueland said. "When we see such growth in one of our international offices we typically relocate one or more of our top people to help manage or service that growth."

Ueland added that Masa Tsuno, a Russell associate since 1987 and one of Russell's international pioneers, has served the company and clients very well. "More than any other individual, Masa's dedication, relationships and leadership have positioned Russell for the success we are now enjoying in Japan," he said.

Hansen, who joined Russell in 1996, initially worked as a client executive for what now is Russell/Mellon, a leading global provider of investment performance measurement, analytics and attribution services. He subsequently was appointed director of U.S. sales and then managing director of global sales and service. He returned to Russell in 2003.

"Mark spearheaded our relationship management team's effort to deliver enhanced client services," said Paul Reynolds, managing director for institutional investment services. "Clients expect and deserve ongoing improvements, particularly in the delivery of cutting-edge research and technological advances. As Mark heads to Japan, he leaves his blueprint for superior client services in good hands."

Contact: Steve Claiborne (253) 594-1858

Russell Investment Group is a registered trade name of Frank Russell Company, a Washington, USA corporation, which operates through subsidiaries worldwide. Frank Russell Company is a subsidiary of The Northwestern Mutual Life Insurance Company.

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