Russell introduces global Innovation Council
SINGAPORE, JUNE 15, 2009 - Russell Investments recently established its first global Innovation Council, a 15-member team that will proactively pursue advancements in products, services, processes and methodologies in support of the firm's clients worldwide.
Chaired by Alan Schoenheimer, also chairman of Russell's Asia-Pacific business, the Innovation Council includes representatives from the investment and research business, Indexes, each of the regional businesses (the Americas, EMEA and Asia-Pacific) and strategic marketing. It will facilitate the exploration and evaluation of new ideas with the aim of going beyond the pipeline already underway to focus on areas where ideas that need to be moved into the pipeline are championed to the next stage of development.
"Russell clients around the world need our intellectual capital and thought leadership now, more than ever," said president and CEO Andrew Doman. "We are continuing to take steps to bring our best ideas from around the world to market faster. Our objective, and the objective of this council, is nothing short of leading our clients and the whole asset management industry forward."
The Innovation Council underscores the importance of input from all areas of the organization and provides a vehicle through which all Russell associates can filter any ideas for consideration and potential execution.
"This new council already has a full plate of research upon which to embark," said Schoenheimer. "I anticipate we will see a steady stream of new products and service offerings and that the time from idea to action will become much shorter for our clients."
The establishment of the Innovation Council follows closely on the recent announcement of five global service lines. The global service lines form the delivery mechanism for leveraging the firm's global resources, including innovative intellectual capital and investment products and services, on behalf of any client, anywhere in the world.
Russell Investments is a global investment company with $136 billion in assets under management as of March 31, 2009. Russell serves individual, institutional and advisor clients in more than 40 countries and provides investment solutions including mutual funds, retirement investments, institutional asset management, implementation services and global stock market indexes. Russell is world-renowned for its depth of manager research, quality of manager selection and access to some of the world's leading investment managers. It helps investors of all sizes put this access to work in corporate defined benefit and defined contribution plans, and in the life savings of individual investors.
Founded in 1936, Russell is a subsidiary of Northwestern Mutual Life Insurance Company. Headquartered in Tacoma, Russell operates principal offices in Amsterdam, Auckland, Johannesburg, London, Melbourne, New York, Paris, San Francisco, Seoul, Singapore, Sydney, Tokyo and Toronto.
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