The London Stock Exchange Group (LSEG) has officially put Russell Investments, the asset management unit of the Frank Russell business which it bought last year for $2.7 billion, up for sale.
The decision follows a comprehensive review that focused on the strategic fit of Russell’s investment business with LSEG’s long-term strategy.
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LSEG revealed that it has already received a number of expressions of interest in a potential acquisition of Russell Investment Management.
LSEG added that it will continue to maintain Russell Investment’s existing focus on client service and delivering its investment proposition.
Also, it will focus on maintaining management and employee continuity and providing strong support for growth and innovation across the business.
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By GlobalData
