Russell Investments
Template:Short description Template:Distinguish {{#invoke:Infobox|infobox}}Template:Template otherTemplate:Main other{{#invoke:Check for clobbered parameters|check|nested=1|template=Infobox company|cat=Template:Main other|name; company_name|logo; company_logo|logo_alt; alt|trade_name; trading_name|former_names; former_name|type; company_type|predecessors; predecessor|successors; successor|foundation; founded|founders; founder|defunct; dissolved|hq_location; location|hq_location_city; location_city|hq_location_country; location_country|num_locations; locations|areas_served; area_served|net_income; profit|net_income_year; profit_year|owners; owner |homepage; website }}{{#invoke:Check for unknown parameters|check|unknown=Template:Main other|preview=Page using Template:Infobox company with unknown parameter "_VALUE_" | ignoreblank=y | alt | area_served | areas_served | assets | assets_year | aum | brands | company_logo | company_name | company_type | defunct | dissolved | divisions | embed | equity | equity_year | fate | footnotes | former_name | former_names | foundation | founded | founder | founders | genre | homepage | hq_location | hq_location_city | hq_location_country | incorporated | image | image_alt | image_caption | image_size | image_upright | income_year | industry | ISIN | key_people | location | location_city | location_country | locations | logo | logo_alt | logo_caption | logo_class | logo_size | logo_upright | members | members_year | module | name | native_name | native_name_lang | net_income | net_income_year | num_employees | num_employees_year | num_locations | num_locations_year | operating_income | owner | owners | parent | predecessor | predecessors | production | production_year | products | profit | profit_year | rating | ratio | revenue | revenue_year | romanized_name | services | subsid | successor | successors | traded_as | trade_name | trading_name | type | website| qid | fetchwikidata | suppressfields | noicon | nocat | demo | categories }} Russell Investments Group LLC is an American investment firm headquartered in Seattle, Washington.
Corporate overviewEdit
According to American Banker, Russell Investments has approximately $300 billion of assets under management, as of September 2019.<ref name=":0">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> The firm ranks as the third largest outsourced CIO (OCIO) provider globally.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Additionally, the company has $2.6 trillion under advisement across 32 countries, making Russell Investments the world's fourth-largest adviser.<ref name=":0" /> The company has an investment outsourcing division to assist clients with investment and retirement portfolios, among other services. Clients have included AT&T, Boeing, and Union Pacific Railroad.<ref name="FT">Template:Cite news</ref>
Russell Investments had approximately 1,350 employees, as of late 2019.<ref name=Garnick>Template:Cite journal</ref> The majority are based in Seattle, while others work at offices in London, New York City, Sydney, Tokyo, and Toronto, among other cities.<ref name="SeattleTimes">Template:Cite news</ref><ref>Template:Cite news</ref><ref>Template:Cite news</ref>
HistoryEdit
Founded by Frank Russell in 1936 in Tacoma, Washington,<ref name="Brunner">Template:Cite news</ref><ref name="Matthews">Template:Cite news</ref> Russell Investments began as a stockbroker and consultant, and later created the Russell 2000 Index, one of the most followed stock market indices in the U.S.<ref name="FN">Template:Cite news</ref> His grandson, George Russell, has been credited with expanding the company and pioneering the business of pension consulting when he secured J. C. Penney as the first pension client.<ref name=Brunner/>
Northwestern Mutual acquired Russell Investments during 1998–1999 for $1.2 billion.<ref name=Brunner/><ref name=Matthews/><ref name="Gillie">Template:Cite news</ref> The company's headquarters were relocated to Seattle in 2009.<ref name=Matthews/><ref name="Tibbits">Template:Cite news</ref>
In 2014, London Stock Exchange Group (LSEG) acquired the firm for $2.7 billion.<ref name=FN/><ref name=Gillie/> Russell Investments had approximately $256 billion in assets under management at the time.<ref name=Gillie/> LSEG separated the Russell Indexes from other Frank Russell group companies doing business as Russell Investments, such as asset management and consulting, opting to retain the former and sell the latter.<ref name=FN/><ref>Template:Cite news</ref> LSEG announced the FTSE Russell brand in May 2015.<ref>Template:Cite book</ref>
During 2015–2016, the company was valued at $1.15 billion and purchased by TA Associates, a Boston-based private equity firm, from LSEG.<ref name=SeattleTimes/><ref>Template:Cite news</ref> TA hired Goldman Sachs in 2019 to assess Russell Investments' possible sale.<ref name=FT/>
LeadershipEdit
George Russell served as chairman until 2002.<ref name=Brunner/> Craig Ueland was promoted from chief operating officer to president in 2003. He succeeded Mike Phillips, who also served as chairman, as chief executive officer (CEO) in 2004. Ueland was CEO until 2008, when Northwestern Mutual's John Schlifske was named president and CEO.<ref name="DeSilver">Template:Cite news</ref> Andrew S. Doman began serving as CEO starting in early 2009,<ref>Template:Cite journal</ref> and he was succeeded by Len Brennan in 2011.<ref name=FN/><ref>Template:Cite journal</ref> Michelle Seitz became the company's first female CEO,<ref name=Garnick/> and seventh overall, in September 2017. Four months later, she became the chairman as well, serving in both roles until September of 2022.<ref name="AB">Template:Cite journal</ref> In February 2023, it was announced that Zach Buchwald, then head of BlackRock's institutional business, would join Russell as CEO. <ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>