Duval notes growing demand for multi-asset investing as investors continue to navigate risk and volatility

LONDON, 26 Juanary, 2012 - Russell Investments today announces the appointment of Pascal Duval as Chief Executive Officer of its Europe, Middle East & Africa (EMEA) businesses. Duval succeeds Len Brennan who rejoined the firm as global President and CEO in July. Duval reports directly to Len Brennan and maintains his role on Russell's global executive committee, which he joined in September 2011.

Duval joined Russell in 1994 to set up its office in Paris, and has subsequently held various European leadership positions over his 17 years at Russell. These include Head of Institutional investor services (2005-2008) and Head of Partnerships and distributions alliances (2003-2005) with financial institutions. Throughout his time at Russell, Duval has overseen services to pension funds, insurance companies, government entities and other institutions within EMEA. He has had additional responsibility for the development of strategic relationships, such as Russell's multi-manager fund programmes across a number of core European markets.

Commenting on Duval's appointment, Russell's global President and CEO Len Brennan said: "As a 17-year veteran of Russell, no-one understands more than Pascal the full range of Russell's capabilities and how they can be brought to bear for our clients across the EMEA region. At a time when clients are facing continued market volatility and economic uncertainty globally, Pascal brings the optimal combination of leadership experience and investment expertise to deliver the advice and answers clients need right now."

Business outlook for 2012

Russell's EMEA business saw gross sales of $5billion of fiduciary management, multi-asset and manager of manager funds and mandates in 2011. In addition its agency services in interim and transition management, currency exchange and overlay solutions have had a record year in assets under management and Indexes have launched several innovative methodologies in Fundamental, Stability and low volatility investment.

Duval is looking ahead to 2012 optimistically, noting growing demand for Russell's investment solutions in all its core businesses, and more specifically in its fiduciary and multi-asset investment solutions. In support of this, and to strengthen Russell's capabilities, there have been a number of high calibre appointments at Russell in recent months - over a range of pension fund, investment advisory and asset management roles.

Russell Investments also sees the Middle East region as a key driver for business growth over the coming years - with a range of products and services which can be tailored to bring clients an international insight but with a local presence.

CEO of Russell's EMEA business, Pascal Duval comments, "The current environment puts all investors - institutional and retail - under almost unprecedented concerns regarding solvency, income and returns.

"Now more than ever investors realise the importance of seeing their portfolios as a whole rather than the individual parts. In many ways investors are tested in their ability to achieve their objectives within very challenging risk constraints, whether due to solvency issues or new regulatory environments in many markets. This is where Russell's range of capabilities for managing assets is demonstrated best.

"This is an exciting time to lead our EMEA business. There is an immediate opportunity to have a meaningful impact for investors through our leading investment services, as people seek the types of tailored and embedded advice that has long been anchored in Russell's leading capital and manager research and indices. This, combined with our implementation services, alternative investments expertise and portfolio construction track record, is a compelling proposition which allows us to meet the differing needs of a range of investors."

Pascal Duval's biography

Duval's other leadership roles over the past decade and half at Russell include Executive Managing Director of Russell in EMEA (2008-2011); managing director of Russell's French office (1998-2001) and director of Russell's consulting and analytical services operations in France (1995-1998).

Prior to Russell Investments, Pascal worked for Wyatt Paris (subsequently WatsonWyatt) from 1990 to 1994 as investment consultant in the company's newly created asset consulting department. He was involved in the development of the business and performed asset allocation work, money manager searches, performance attribution and other major asset-related projects.

From 1985 to 1989, Pascal worked as a commodity and currency trader on physical and futures markets for Riz et Denrées, an international commodity trading company, world largest in Rice trading.

Born in 1962, Pascal is a graduate from Institut d'Etudes Politiques de Paris Sciences Po (1984) and is Bachelor of Law, Paris University (1982).

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About Russell Investments
Russell Investments (Russell) is a global asset manager and one of only a few firms that offer actively managed, multi-asset portfolios and services that include advice, investments and implementation. Working with institutional investors, financial advisors and individuals, Russell's core capabilities extend across capital markets insights, manager research, Indexes, portfolio implementation and portfolio construction.

Russell has about $141 billion in assets under management (as of 12/31/11) and works with 2,300 institutional clients, 530 independent distribution partners and individual investors globally. As a consultant to some of the largest pools of capital in the world, Russell has $2 trillion in assets under advisement (as of 6/30/11). It has four decades of experience researching and selecting investment managers and meets annually with more than 3,000 managers around the world. Russell traded $1.5 trillion in 2010 through its implementation services business. The Russell Global Indexes calculate over 50,000 benchmarks daily covering 85 countries and more than 10,000 securities.

Russell is headquartered in Seattle, Washington, USA and has offices in Amsterdam, Auckland, Chicago, Dubai, Frankfurt, London, Melbourne, Milan, New York, Paris, San Francisco, Seoul, Singapore, Sydney, Tokyo and Toronto. For more information about how Russell helps to improve financial security for people, visit www.russell.com.

For further information:
Mary Khamasmieh
M:Communications
M: +971 50 2731 753
E: khamasmieh@mcomgroup.com

© Press Release 2012