Russell lands new global CIO

Russell Investments has appointed Jeff Hussey as global chief investment officer (CIO) to replace Peter Gunning who has held the role since 2008. 

Gunning will return to Australia to head the group’s Asia-Pacific region, succeeding long-time Russell executive Alan Schoenheimer who has been with the firm for 22 years and will transition to a non-executive advisory role. 

The reshuffle will be completed in October, with Gerard Fitzpatrick also receiving a promotion from senior fixed income portfolio manager to chief investment officer of global fixed income. 

Seattle-based Hussey brings over 20 years experience to the role including a decade as CIO for fixed income. The role will see him lead Russell’s investment management, implementation and research activities globally as well as serving on Russell’s executive committee. 

Russell chief executive Len Brennan said Hussey had also spent 12 years working with its bond funds where he held a variety of leadership, portfolio management and analyst roles. 

Gunning, who will also serve on Russell’s executive committee will assume responsibility for the group’s activites in Japan, Korea, china, Taiwan, Singapore and New Zealand after supporting Russell’s bid to focus on multi-asset solutions and prosper during challenging economic and market conditions. 

Brennan said Gunning would be critical to driving Russell’s growth plans in Asia-Pacific and delivering multi-asset solutions to investors.

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