Russell hires new director of U.S. equities (Russell.com)

Russell Hires New Director of U.S. Equities
Brian Tipple Named to Asset Class Leadership Post

TACOMA, Wash. — June 3, 2004 — Russell Investment Group this week named Brian Tipple, formerly chairman and CEO of Sirach Capital, as Russell's new director of U.S. equities. Tipple, who joined Russell June 1, will lead the company's U.S. equities asset class team. He replaces Paul Greenwood, Russell's previous director of U.S. equities, who recently decided to leave Russell to pursue other career opportunities.

"We regret Paul's decision to leave Russell because he has made significant personal and professional contributions to our investment process and the industry at large," said Tom Hanly, Russell's chief investment officer. "At the same time, we are excited to have Brian return to Russell since he brings more than 20 years of investment management experience and is already quite familiar with Russell's investment discipline."

Earlier in Tipple's career, he spent more than 13 years with Russell's investment management and institutional business. In 2000, he joined Sirach Capital, a Seattle-based asset management firm, and served as lead portfolio manager for the firm's large cap growth funds. He also directed the firm's portfolio management and research effort.

"It's great to be able to bring to this job a combination of outside asset management experience plus my own previous familiarity with Russell," said Tipple. "I look forward to contributing to the growth and enhancement of Russell's well-known manager research and investment capabilities."

Hanly said, "Personnel and leadership changes are inevitable in our industry, but Russell's commitment to a leadership position in manager research and the discipline of multi-manager investing remains a constant."

About Russell
Russell Investment Group, a global leader in multi-manager investment services, provides investment products and services in more than 35 countries. Russell manages more than $107 billion in assets and advises clients worldwide representing more than $1.8 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo.

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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