Miller Brewing Hires Russell to Manage Multi-million Dollar Defined Benefit Master Trust
TACOMA, Wash. — July 24, 2003 — Miller Brewing Company has hired Russell to manage its multi-million dollar defined benefit master trust, which includes a total of nine separate defined benefit plans. The full-service outsourcing relationship aims at strengthening the trust's overall long-term performance.
Specifically, Miller Brewing has employed Russell's advisory and investment management services in a full-service integrated package that includes performance measurement. Russell will manage all of the trust's U.S. equity, international equity and fixed income portfolios.
"We originally sought a traditional consultant, but this relationship allows us to completely outsource our plan to a professional staff that will handle a host of responsibilities for us," said Miller Brewing's Tracey Joubert, Group Director Services. "Outsourcing this work to Russell allows us to focus on what we do best."
Russell's Craig Rawlins, director, client services for the central region, said, "Russell's multi-manager investment approach and deep resources will provide Miller Brewing with a deliberate opportunity to generate benchmark-beating returns at appropriate risk levels."
Miller Brewing's defined benefit master trust covers about 12,800 employees and retirees.
Milwaukee-based Miller Brewing Company is a wholly owned subsidiary of SABMiller plc. Principal beer brands include Miller Lite, Miller Genuine Draft and Miller High Life. The company imports Pilsner Urquell and Foster's; produces SKYY Blue, Sauza Diablo, Stolichnaya Citrona and Jack Daniel's Original Hard Cola flavored malt beverages; and has primary products ICEHOUSE and Red Dog from the Plank Road Brewery, a small division of Miller. Specialty regional brands include Leinenkugel's and Henry Weinhard's. The company brews Sharp's, a non-alcohol brew, and has malt liquor brands including Olde English 800 and Mickey's Malt Liquor. More information is available at www.MillerBrewing.com and www.MillerTime.com.
Russell, a global leader in multi-manager investment services, provides investment products and services in more than 35 countries. Russell manages more than $76 billion in assets and advises clients worldwide representing more than $1.6 trillion. Founded in 1936, Russell is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo.
Contact: Steve Claiborne, 253.594.1858
Frank Russell Company, a Washington USA corporation, operated through subsidiaries worldwide, and is a subsidiary of The Northwestern Mutual Life Insurance Company.
RC 3114
|
