Russell announces new head of investor services in New Zealand
Global financial services firm Russell Investments has announced a series of appointments across the Asia Pacific region aimed at strengthening management to cater for growing business demand.
Friday, April 23rd 2010, 10:15AM
Russell has appointed Sasha Mandich as Head of Investor Services in New Zealand. Based in Auckland, Sasha will be responsible for introducing Russell's products and services, to multi-manager funds, superannuation funds and other institutional investors. Mr Mandich has been with Russell Investments globally for seven years, recently moving back from Seoul, where he opened Russell's first Korean office.
Russell Investments is currently one of New Zealand's largest global bond manager providers with almost $1 billion assets under management.
Mark Blair, Managing Director for Russell Investments New Zealand, says Sasha has made an invaluable contribution to Russell globally over the past seven years.
"We feel his operation skills and depth of knowledge of innovative investment vehicles will benefit clients and will be an attractive proposition to investors across the country," he said.
In Australia, Russell has expanded its investment consulting business with the appointments of Nicole Connolly as head of alternatives advice and Raewyn Williams as director of after-tax strategies. Connolly will be responsible for directing Russell's alternative strategies for consulting clients in Australia and joins Russell from Telstra Super where her most recent role was portfolio manager - alternative assets. Connolly's appointment is part of the firm's efforts to deepen capabilities in less traditional strategies such as active commodities, private investments and higher alpha driven strategies.
Williams joins Russell from QIC and will play a leading role in working with clients to develop and implement effective after-tax investment strategies, which is seen by Russell as a key area.
Asian expansion
Russell has also announced the appointment of several senior executives across Asia, including Singapore and South Korea.
Edmund Teo has joined Russell as Regional Director, Sales and Marketing. Singapore-based Edmund will lead business development activities at Russell for both institutional and retail clients, define channel strategies for new clients as well as manage the client servicing team.
In Taiwan, Russell has appointed Joey Chao-Yu Chen as Director, Business Development, where he will be responsible for the organisation's onshore activities, marketing and client service. He will also work with Russell's global operations on development of new funds. Joey has spent more than 17 years with financial companies in the region, including Morgan Stanley and Fidelity.
The additions follow Russell's recent decision to divide its regional business into three sub-regions and to appoint Mahendran Nathan as Chief Executive of Russell's operations in ASEAN, Hong Kong, Taiwan and India. Both Edmund and Joey will report directly to Mahendran. DongKi Kim also joins Russell as Chief Representative of the organisation's Korea Representative office. DongKi will oversee a number of functions including manager research and promotional activities in Korea. He will report to Yuseok Kim who has been promoted to Director, Korea. DongKi joined from Korea Life's international investment and risk team where he was responsible for alternative investments.
Alan Schoenheimer, Russell's Chairman for Asia-Pacific, says the appointments are a significant step in Russell's evolution in Asia and will help the organisation better service a growing client base.
"The executives join an organisation which has been strengthened by the decision to realign ourselves geographically," Schoenheimer says. "The announcements will help to ensure Russell Investments is better placed to tap a growing number of opportunities across the region in the year ahead."
In addition to the above appointments, Russell has already hired several business development and client relationship managers, with most located in Singapore. The company says that resources will continue to be added over the next 12 months to keep pace with business growth.
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