Russell signals renewed institutional focus
Russell Investments has signalled a renewed focus on the superannuation and life insurance sectors via the appointment of Jodie Hampshire as its new head of institutional business in Australia.
The company said Hampshire would help what it terms its "evolving relationship with Australian institutional investors".
According to Russell chief executive Asia Pacific, Alan Schoenheimer, Hampshire's experience meant she would bring a deep understanding of the Australian institutional market and would be instrumental in building the firm's alliance approach by collaborating with a much broader set of institutional clients.
"Russell is focused on driving relationships with local insurance companies, industry funds, defined benefit funds, non-profits and corporate funds — helping them provide tailored solutions for members in the current challenging market environment," he said.
Russell launched its alliance approach earlier this year, announcing its first partnership in the retail advice market with Australian retail financial planning group Matrix Planning Solutions.
Working with Russell, Matrix launched its PartnerShip Funds in February — five actively managed multi-asset portfolios designed to deliver different outcomes depending on the investor's life stage and income needs.
Recommended for you
Insignia Financial has issued a statement to the ASX regarding a potential bid from a third global private equity business to acquire the firm.
More than 30 advisers fell off the FAR during the Christmas and New Year period, according to Wealth Data, with half of these coming from licensee giant Entireti.
With next-generation heirs unlikely to retain their family’s financial advisers after receiving an inheritance, Capgemini has explored how firms can work with younger generations to maintain a relationship.
The use of technology and data analytics will be a way for advice firms to grow in 2025, according to Adviser Ratings, with those who are using it successfully reporting 10 per cent higher profit margins.
