Russell Investments Makes Key Appointment for Index Business
Michael Gallucci will lead Russell Index sales & relationships for U.S. structured products and sell side firms.
Seattle, WA December 7, 2011 Russell Investments has appointed Michael Gallucci as regional director for U.S. structured products and sell side firms. Gallucci will focus on helping Russell Indexes build out its U.S. structured products and data redistribution business for sell side firms. For this new role, he will draw on Russell's core benchmark products in addition to new products and custom index capabilities. Gallucci joined Russell in late November, is based in the firm's New York office and reports to Mark Sutter, director of U.S. sales for Russell Indexes.
"With the incredible market volatility and investment challenges our clients continue to face, they are asking for high quality tools and strong partnership in structured products creation," said Sutter. "Michael brings a deep background and knowledge in indexes and structured products along with a strong foundation of structured products industry relationships on which to build."
Prior to joining Russell, Gallucci spent sixteen years with Standard & Poor's, most recently as a Senior Sales Director for S&P Index Services. During his time at Standard & Poor's, he held a variety of senior sales assignments for the commodities, funds, equity and index divisions of the firm. In his latest role with S&P Index Services, he managed global relationships for leading investments banks and licensing of ETF sponsors domestically.
Celebrating its 75th anniversary in 2011, Russell Investments (Russell) is an independent, global financial services firm. Russell provides strategic advice, investment solutions, implementation services and global indexes that are customized to meet the unique needs of institutional investors, financial advisors and individuals. 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 $137 billion in assets under management (as of 9/30/11) 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 Indexes cover over 80 countries and more than 10,000 securities. Approximately $3.9 trillion in assets are benchmarked to the Russell Indexes globally. As of 9/30/11, Russell Indexes served as the benchmark for 84 exchange traded funds globally representing approximately $68 billion in assets under management. And, for 2010, derivatives on Russell Indexes traded nearly 61 million contracts on the U.S. exchanges.
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.
Tim Benedict, 212-702-7823
Michael Gelormino, 212-909-4780
Max Leitenberger, 212-754-5615
Russell Investment Group is a Washington, USA corporation, which operates through subsidiaries worldwide, including Russell Investments, and is a subsidiary of The Northwestern Mutual Life Insurance Company.
Russell's indexes are unmanaged and cannot be invested in directly.