Russell Investments has appointed Jeff Hussey as global chief investment officer (CIO) who will direct the firm’s asset manager investments and the implementation and the search for new activities worldwide.
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Hussey will replace Peter Gunning who has held the role since 2008. Gunning will return to Australia and will take over the role of Alan Schoenheimer as Russell Asia Pacific CEO. Schoenheimer will transit to a non-executive advisory role.
Gerard Fitzpatrick, currently a senior fixed income portfolio manager, will succeed Hussey as CIO of global fixed income.
Based in Seattle, Hussey will also serve on Russell’s executive committee. Hussey has more than 20 years of asset management experience with Russell, including a decade as CIO of fixed income, during which he had direct responsibility for more than $60 billion in assets and oversight of the firm’s cash management strategies.
Len Brennan, CEO of Russell, said: "Jeff has deeply rooted investment experience in a variety of vital leadership, portfolio management and analyst roles at Russell, including a successful 12-year track record with our bond funds."
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By GlobalDataThe changes will take effect from 1 October 2013.
