Russell

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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/

 

Russell Investment Group has named Greg Stark as managing director of its domestic mutual funds business, replacing Len Brennan who is leaving after 20 years to pursue new career opportunities, the company said in a press release.

Russell officials said Stark has been with the company for 10 years, and has worked closely with Brennan, most recently as managing director of client sales and service in the U.S. individual investor services division. His appointment is effective immediately, Russell said.

The U.S. individual investors unit works with a stable of more than 250 financial intermediaries, including registered investment advisers and financial representatives from Northwestern Mutual, AG Edwards and Raymond James, according to the company.

Russell was founded in Tacoma in 1936, and in January 1999 it was acquired by Northwestern Mutual Life Insurance Co. of Milwaukee.

http://www.bizjournals.com/seattle/stories/2004/12/13/daily4.html
 

 

 

 

News

Jun 26, 2014, 3:30PM EDT

Puget Sound Business Journal

Russell Investments acquisition: What's at stake for Seattle?

brings together $5.2 trillion in assets benchmarked to Russell and about $4 trillion in equities benchmarked to LSEG's index provider FTSE. Russell’s president and CEO, Len Brennan, will join the …

Russell Investments owner says sale is being considered

News

Jan 27, 2014, 6:20PM EST

Puget Sound BizTalk,

Puget Sound Business Journal

Russell Investments owner says sale is being considered

CEO Len Brennan to executives said that the global investment company is up for sale. “It’s shaken up the company quite a bit," said the former executive. "There’s been a lot of angst and denial for …


Behind the scenes at Russell Investments



News

Jul 22, 2011, 2:43PM EDT

Puget Sound BizTalk,

Puget Sound Business Journal

Behind the scenes at Russell Investments

company veteran Len Brennan, the firm's latest CEO, would restore Russell to its former glory. Their insights gave me a fascinating peek into a largely quiet private company. I learned that even well …

News

Jul 12, 2011, 3:43PM EDT

Milwaukee Business Journal

Russell appoints Brennan CEO

Northwestern Mutual subsidiary Russell Investments said Tuesday it appointed Len Brennan as new president and chief executive officer, to succeed Andrew Doman. Doman will become chairman of the …


Turmoil at Russell Investments helped end CEO’s tenure

News

Jul 22, 2011, 6:00AM EDT

Puget Sound Business Journal

Turmoil at Russell Investments helped end CEO’s tenure

Russell Investments has undergone major changes in the past few years. Last week brought another big one. Andrew Doman stepped down as CEO, yielding the top job to Len Brennan, a Russell veteran …


News

Jul 12, 2011, 1:09PM EDT

Puget Sound BizTalk,

Puget Sound Business Journal

Russell Investments picks new CEO; Doman resigns

. Len Brennan, who just was recently named CEO of the company's Europe, Middle East and Africa division, has succeeded Doman as CEO and president of the Seattle-based financial services firm, effective …

News

Jul 5, 2011, 4:53PM EDT

Puget Sound BizTalk,

Puget Sound Business Journal

Russell hires former Rainier Investment Management CEO

UPDATE: This story has been updated with comments from a Russell spokesman in London. Russell Investments has hired former Rainier Investment Management CEO Len Brennan to head up its Europe, Middle …

Russell Investments sold for $2.7B

News

Jun 26, 2014, 10:11AM EDT

Puget Sound BizTalk,

Puget Sound Business Journal

Russell Investments sold for $2.7B

a leading global brand providing index and investment management services," stock exchange officials said in a statement. After the deal is complete, Russell’s president and CEO, Len Brennan, will …

Wealth Management: Top of the list

News

Feb 15, 2013, 6:00AM EST

Puget Sound Business Journal

Wealth Management: Top of the list

The 50 biggest wealth management firms in Washington state are ranked by assets under management in this week’s list. Here are key facts on the top fi ... …


News

Apr 25, 2014, 7:34PM EDT

Puget Sound Business Journal

Asset Management and Consulting Firms

.russell.com $256,000.00 million 6 Global asset manager providing multi-asset solutions and services, including advice, investments, implementation and indexes. Len Brennan, president and CEO 2 Parametric …

News

Dec 14, 2004, 10:28AM EST

Milwaukee Business Journal

Russell names new leader of U.S. mutual fund business

Russell Investment Group, a unit of Northwestern Mutual, has named Greg Stark as managing director of its domestic mutual funds business, replacing Len Brennan who is leaving after 20 years to pursue …

News

Dec 13, 2004, 4:55PM EST

Puget Sound Business Journal

Russell names new leader of U.S. mutual fund business

Russell Investment Group has named Greg Stark as managing director of its domestic mutual funds business, replacing Len Brennan who is leaving after 20 years to pursue new career opportunities, the …

http://www.bizjournals.com/search?q=%22Len+Brennan%22
 

Frank Russell Company Key Developments


LSE Reportedly Plans To Put Russell Investments Up For Sale

Jan 28 15

London Stock Exchange Group plc (LSE:LSE) plans to put Frank Russell Company up for sale in mid-February and hopes to fetch around $1.4 billion for the unit, two sources told Reuters on January 28, 2015. The exchange operator has tapped Barclays PLC (LSE:BARC) to sell the business, according to the sources. The exchange operator has decided to run a formal sales process after having informal conversations with at least three interested buyers, including the Canadian Imperial Bank of Commerce (TSX:CM), the sources said. According to Reuters, spokesmen for LSE, Canadian Imperial Bank and Barclays declined to comment.


Invesco Powershares Licenses Russell 1000® Equal Weight Index for New ETF

Jan 16 15

Invesco PowerShares Capital Management LLC has recently selected the Russell 1000® Equal Weight Index as the basis for a new exchange traded fund (ETF). The Russell 1000® Equal Weight Index offers a unique and practical alternative to conventional weighted indexes. Rather than assigning an equal weight to each index constituent, Russell’s sector equal weight methodology equally weights each sector within the index and then equally weights the companies within each sector. This innovative approach can provide greater potential diversification benefits than traditional equal weight indexes. Invesco PowerShares is a leading global provider of exchange-traded funds and a pioneer in the development of smart beta ETFs. The firm believes that smart beta strategies can provide investors with a valuable alternative that expands portfolio construction opportunities and offers a full suite of smart beta ETFs in various categories.


LSE To Sell Frank Russell's Investment Management Business To LCH

Dec 19 14

LCH. Clearnet Group Ltd. is planning to acquire investment management business of Frank Russell Company from London Stock Exchange Group plc (LSE:LSE). LCH stated that the comprehensive review of plans to acquire Frank Russell’s investment management business is making good progress and is on track to be completed in early 2015.


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Company Overview



Frank Russell Company is a privately owned investment manager. It provides its services primarily to pooled investment vehicles. The firm also caters to high net worth individuals, investment companies, charitable organizations, and non-U.S. collective investment vehicles not registered under the 1940 act. It manages separate client focused equity portfolios. The firm also manages mutual funds for its clients. The firm invests in the public equity, fixed income, and real estate markets across the globe. It invests in growth and value stocks of large cap, mid cap, and small cap companies. The firm employs qualitative and quantitative analysis while making investments. Frank Russell Company operates as a subsidiary of The Northwestern Mutual Life Insurance Company, was founded in 1936 and is based in Seattle, Washington with additional offices in Chicago, Illinois; Milwaukee, Wisconsin; New York City; San Diego, California; Ontario, Canada; New South Wales, Australia; Victoria, Australia; Tokyo, Japan; Seoul, Korea; Auckland, New Zealand; Singapore; Paris, France; Amsterdam, Netherlands; Sandton, South Africa; London, United Kingdom; and Edinburgh, United Kingdom. Frank Russell Company operates as a subsidiary of The Northwestern Mutual Life Insurance Company.

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1301 Second Avenue

18th Floor

Seattle, WA 98101

United States

Founded in 1936



Phone:

206-505