Russell’s Australian, New Zealand units merged

Russell Investment Group merged its Australian and New Zealand institutional and retail adviser businesses, creating a new investor services group. Chris Corneil, managing director of Russell’s retail investor services business, will lead the new group. The restructuring will “enable us to provide a more seamless service and allow clients to receive the full benefit of our investment and superannuation expertise,” Alan Schoenheimer, Russell’s managing director for Australasia, said in a news release.