Russell Investment Group, a global leader in multi-manager investing, has appointed Michael Hunt as director of operations, EMEA.
Hunt, who took up his new position on 1 July, joins Russell from Deutsche Asset Management where he held a variety of roles in his fifteen-year tenure with the firm including joint head of London operations and head of client services.
Frédéric Jolly, Russell CEO EMEA, commented: "Russell has enjoyed huge growth in the EMEA region in recent years, growing AuM from USD 1bn in 1997 to USD 42bn today. We recognise our business needs to keep investing in infrastructure to ensure our clients continue to receive the close attention and personalised service which is Russell's hallmark. Last year we began a strong effort to align our infrastructure with our expected future growth. Michael's appointment is an important step in that endeavour. We are delighted to welcome him to the firm.
"With banks, financial services businesses and institutional investors all endorsing the approach, we are confident that the current strong demand for multi-management and open architecture is set to increase. We look forward to another record- breaking year for our business and will continue to concentrate on the quality and the strength of our people and processes to support that growth throughout 2005."