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Russell ramps up admin
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| Chris Corneil
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Russell Investments has moved to end its administration outsource model with IBM, bringing 70 roles in-house backed by the company’s offshore back-office capabilities.
Russell Australia and New Zealand managing director Chris Corneil said the move to expand the Australian Administration Centre had been driven in part by the direction of Government policy.
The company said the member administration back-office functions currently provided by IBM would be progressively transferred to the new offshore centre from October to December this year, following a period of parallel processing.
The insourcing will see the Australian Member Administration Centre move to new premises in Sydney.
Russell said it was actively pitching for new administration business.
AUTHOR
Mike Taylor
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