J.T. Young was named managing director and co-head of Russell Investments’ newly combined institutional and intermediary defined contribution team, said a spokeswoman in an e-mail.
Along with Joshua R. Cohen, the existing managing director and head of Russell’s institutional DC team, Mr. Young will focus on the development and growth of Russell’s DC business, a news release said.
Russell also named Nathan Dudley director, and Kevin Knowles associate director on the combined DC team. Mr. Dudley assumed the responsibilities of someone who left the firm to pursue other opportunities, the spokeswoman said. No further details were provided.
Messrs. Dudley and Knowles will work together on the continued rollout of Russell’s adaptive retirement accounts, which are individually tailored target-date investment options, among other responsibilities.
Previously, Mr. Young was managing director, Americas institutional, where he was responsible for Russell’s midmarket outsourced chief investment officer team, and marketing and product development for the firm’s U.S. institutional businesses. He has not been replaced.
Mr. Dudley was previously head of U.S. institutional product development at Russell, and Mr. Knowles was product manager, defined contribution.
Mr. Dudley’s responsibilities have been assumed by Russell’s global product team. Mr. Knowles is expanding his previous responsibilities, the spokeswoman said.
Messrs. Young and Cohen report to Greg Gilbert, CEO, Americas institutional. Messrs. Dudley and Knowles report to Messrs. Cohen and Young.
As of Dec. 31, Russell Investments had about $17.9 billion in global defined contribution assets under management.
