Russell continues to expand client team supporting defined contribution intermediaries
Matthew Teevan joins Russell's DCIO team to support delivery of retirement plan insights and solutions to advisors and DC platforms in the northeast region of the U.S.
Seattle, WA — June 13, 2011 — Russell Investments has appointed Matthew Teevan as a defined contribution (DC) specialist for the firm's U.S. advisor-sold business, which partners with financial intermediaries to deliver Russell's investment solutions to retirement plan sponsors.
In this newly created position, Teevan will work with Russell's sales and service teams to deliver defined contribution investment-only (DCIO) solutions to retirement plan intermediaries and strategic distribution partners in the northeast region of the United States. Teevan joined Russell on June 1 and reports to Ben Jones, director of defined contribution, intermediary distribution, who oversees Russell's DCIO intermediary distribution across the country. Teevan's appointment follows the recently announced hire of Chris Barlow, who joined the DCIO team on April 11 to serve intermediary clients in the southeast region of the United States.
"Matthew's notable expertise in the retirement space and experience in educating advisors equips him with insights that will allow us to serve our clients more effectively and strengthen relationships with platform partners," said Kristin Gibson, director of national strategic partnerships for Russell Investments.
Teevan comes to Russell with nearly 15 years of industry experience, most recently as a retirement and planning principal at Family Office Group, where he helped to build the firm's registered investment advisor (RIA) business. Teevan also served in a variety of roles over 10 years at Merrill Lynch Retirement Group.
Globally, Russell's defined contribution business has more than $US85 billion in assets under advisement (as of 3/31/2011) and more than US$20 billion in assets under management (as of 3/31/2011). In the U.S. market, this includes Russell's institutional business serving DC plan sponsors as well as its advisor-sold mutual fund business, through which the firm partners with advisors and record-keepers to provide Russell's LifePoints® Target Date and Target Risk mutual funds to DC plans.
About Russell Investments
Russell Investments is an independent, global financial services firm that provides strategic advice, investment solutions, implementation services and global performance benchmarks that are customized to meet the unique needs of institutional investors, financial advisors and individuals.
Celebrating its 75th anniversary in 2011, 25 years in Sydney and Tokyo and 15 years in the Netherlands, Russell has pioneered innovations that have come to define many of the practices that are standard in the investment world today, and has four decades of experience researching and selecting money managers globally.
Russell has about $161 billion in assets under management (as of 3/31/11) and works with 2,300 institutional clients, 530 independent distribution partners and millions of individual investors globally. As a consultant to some of the largest pools of capital in the world, Russell has $2 trillion in assets under advisement (as of 12/31/2010) and traded $1.4 trillion last year through its implementation services business. The Russell Global Indexes calculate over 50,000 benchmarks daily covering 63 countries and more than 10,000 securities.
Founded in 1936, Russell is headquartered in Seattle, Washington, USA and has offices in Amsterdam, Auckland, Chicago, London, Melbourne, Milan, 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 www.russell.com.
Contacts:
Jordan McKerney, 206-505-1858
Elizabeth Shapiro, 718-875-7606
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