Steve Wiltshire, Russell Investments CIO for Europe, Middle East and Africa, will leave the company at the end of this month to start his own money management consultant firm.
Mr. Wiltshire, based in London, joined Russell in 1988.
The (money management) industry has changed probably forever if not at least for a generation. I felt it was good time to do something different, he said in a telephone interview. He will launch SW1 Consulting, which will advise money managers on their investment processes, product design and overall business strategy, including any restructuring, he said.
His responsibilities at Russell will be divided among existing employees, spokeswoman Sarah Culpeper said. It could not be learned whether Mr. Wiltshire will be replaced on a permanent basis.