Russell makes a number of senior appointments as it expands Asian operations
New senior staff hires in Asia
SINGAPORE, AUGUST 20, 2008–Global investment company Russell Investments has announced the appointment of a number of senior hires in its regional office in Singapore. These
appointments are a result of the company’s plans to provide regional clients with country-specific specialists as well as set up dedicated Asian-based services such as an investment management
research group.
Six of these new hires are external appointments while an additional four are internal moves from within the Russell global organisation.
Russell’s Managing Director Asia, Bruce Pflaum, explains the decision to boost the organisation’s team in Asia: “Russell’s recent growth is the result of our decision to align our
resources and capabilities to better serve the needs of our clients throughout the region. In addition, over the last few years, we are finding that we need to provide our Asian clients with an increasingly
diverse mix of investment solutions. For these reasons we have appointed a number of country-specific specialists as well as some who have global expertise in various products or market segments”.
Pflaum says that the growth of the multi-manager concept has been gaining ground in Asia over the last five years as investors with the growing sophistication of investors in the region. He says
that like their US, European and Australian counterparts, investors in Asia are seeing the benefits of multi-manager platforms as a way of achieving a truly diversified investment vehicle.
In addition, he believes that the growing interest in multi-manager platforms is also due to a much greater understanding by Asian institutional investors on the benefits of outsourcing the day-to-day
operations of portfolio management. “Institutional investors are now accepting that by focusing on high level decisions such as setting investment objectives, strategic asset allocation and governance
they can outsource manager selection, monitoring and reporting to achieve improved efficiencies and better returns”.
Two new functions have been added to the Russell Asian operation: an investment management and research group and an arm of the global real estate property division.
New appointments
| Martin Lamb | - Head of Property Asia Pacific |
| Yuseok Kim | - Senior Business Development Manager Korea |
| Sungjin Jung | - Business Development Associate Korea |
| Crystal Chen | - China Representative |
| Amanda Lin | - Business Development Associate, Singapore and Taiwan |
| Lisa Susanto | - Marketing Manager, Asia |
Internal appointments from Russell’s global operations
| Shin Kubo - Head of Research Asia Pacific Ex Japan |
| Kathrine Husvaeg - Senior Research Analyst, Investment Management and Research |
| Chaitanya Shrivastava - Research Analyst, Investment Management and Research |
| Warwick Smith - Product Specialist Asia |
Russell, a pioneer in multi-manager investing, set up its Asian operations in 1986 when it opened an office in Tokyo. It established an office in Singapore and since then Russell
has forged a number of successful relationships with institutional clients and retail partners throughout the region including Thailand, Korea, Taiwan, Hong Kong, Malaysia, Singapore
and China. In 2007 Russell opened a representative office in Seoul, Korea.
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