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Russell renews key mandates
Russell Investment Group has announced a number of renewed mandates, including the $3 billion Energy Industries Superannuation Scheme, the $400 million NSW Parliamentary Superannuation Fund and the $500 million Incolink (the Redundancy Payment Central Fund).
As well as the renewed mandates, Russell announced it had been appointed to a new strategic advisory role for a locally based $5 billion financial services institution.
Announcing the appointments, Russell’s managing director, institutional investment services, Stephen Roberts said they reinforced the company’s commitment to the investment consulting business following the group’s merger with Towers Perrin in September, 2004.
He said Russell was pleased to have been reappointed in circumstances where any merger between the two large organisations necessitated a certain amount of change and reorganisation of resources.
AUTHOR
Mike Taylor
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