Russell




Russell's company history

A history of growth and innovation









1936 — Our company started simply, when Frank Russell opened his brokerage
firm in Tacoma, Washington.

1958 — George Russell, fresh from Harvard Business School, joined his
grandfather's business 22 years later. After just a few months, Frank died
unexpectedly, leaving George and one assistant as the total staff. George
didn't falter. For 10 years, he built our company into a successful money
management business.

1969 — George identified a need—companies required help determining which
money managers were the best at managing pension investments. George
developed an evaluation process and pitched it to JC Penney. The era of
institutional investment consulting began. And JC Penney is still a client
today. To expand George's idea to other American businesses, the company
opened a New York office. In five short years, we acquired 40 major U.S.
clients.

1979 — It was time to go international. George hired Jan Twardowski to open
an office in London and our global commitment began.

1980 — We started managing money directly for institutions rather than simply
providing advice. Our assets under management (AUM) began to grow.

1984 — Our researchers saw a need for a better measurement of money manager
success. So they created the Russell Indexes—benchmarks that are used more
today than all other institutional indexes combined.

1986 — Our global expansion continued, with new offices in Tokyo and Sydney.

1990 — Six months after the Berlin Wall fell, George founded Russell 20-20 to
connect countries in need of capital with influential money managers and
financial experts.

1993 — George appointed Mike Phillips as our CEO, only the third CEO since
1936.

1999 — Northwestern Mutual, the largest provider of individual life insurance
in the U.S., acquired us, but our name, management, office locations,
investment approach, and company culture remained intact. In fact, that was
the same year we received honors as number 15 on the Fortune Magazine "Best
Companies to Work for in America" list.

2003 — Craig Ueland was appointed president in July 2003 and then became our
fourth CEO, effective January 2004.

2004 — We reached US$100 billion in assets under management this year. By the
end of 2004, our AUM rose to $134 billion. This is also when we acquired
Pantheon, the global private equity fund-of-funds specialist headquartered in
London, and the Australian HR services operation of Towers Perrin in August—a
move that added more than 270 Russell associates to our ranks and enabled us
to offer an unmatched array of investment and administrative services.

2005 — We began our Focused Giving Initiative by committing new philanthropic
dollars to support projects that address financial literacy and children.

2007 — Our market-leading family of U.S. equity indexes went global with the
launch of the Russell Global Indexes. And we were proud to be ranked number
30 on Fortune Magazine's "Best Companies to Work For in America" list. In
addition, we surpassed US$220 billion in assets under management (AUM) by
midsummer.

2009 — Russell names Andrew S. Doman president and CEO.

2010 — Russell opens new headquarters office in Seattle, Washington.

2011 — Russell names Len Brennan president and CEO.

2014 — London Stock Exchange Group completes acquisition of Russell

http://www.russell.com/us/about-russell/russell-history/