Frank Russell, London, restructured its European business and appointed Frederic Jolly to the new post of managing director for Europe, the Middle East and Africa. Mr. Jolly was managing director for continental Europe. The group plans to expand its Europe-based institutional and redistribution business. We want to have an organization that reflects the business segments instead of the territories, he said. John Stannard was appointed to the new position of COO and will be responsible for the administration of the firms business in the region. He was managing director for the United Kingdom. Len Brennan, managing director international operations, in July will move to the groups U.S. headquarters in Tacoma, Wash., to head up Russells global partnership and its distribution alliance business.