Russell Investments has appointed Andrew Rankin as implementation portfolio manager in its transition management team in Europe, the Middle East and Africa (Emea). He reports to Richard Webb, senior portfolio manager.
Transition management delivers services that are designed to lower the cost and risk of implementing investment related changes to pools of assets.
Rankin joins Russell Investments from Legal & General Investment Management where he was a project manager within the transition team. He has over 10 years of experience, having also worked with the transition services divisions at Cardano and Barclays Global Investors.
Mirjam Klijnsma, director of transition management for Emea at the firm says: “Volatile market conditions and low yields have increased the drive to evaluate investment performance of portfolios and to concentrate on risk exposures. This has in turn resulted in an increased interest in transition services.”
Russell Investments has $237.3 billion (€220.7 billion) in assets under management as at September 30, this year.
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