Russell Investments has made two key additions to its global consulting division in the Asia-Pacific region.
Frank Russo has been appointed a senior consultant at Russell Consulting in Australia and will be based in Melbourne.
He joins from independent asset consultant Access Capital Advisers, where he served on the board of the AMP Infrastructure Fund of India and as the investor representative on several investment advisory committees. Russo previously held senior positions at Equipsuper and Westpac Banking Corporation.
In a second move, Trevor Persaud has been appointed as a practice leader for consulting and advisory services in ASEAN, India, Hong Kong and Taiwan. In his role, Persaud will lead the strategic development and delivery of investment consulting services for Russell’s clients in the region, encompassing investment advisory, asset allocation, strategic asset tilting, risk management and portfolio construction. He will be based in Singapore.
The super fund announced that Gregory has been appointed to its executive leadership team, taking on the fresh role of chief advice officer.
The deputy governor has warned that, as super funds’ overseas assets grow and liquidity risks rise, they will need to expand their FX hedge books to manage currency exposure effectively.
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.