Kate El-Hillow was named global chief investment officer of Russell Investments.
She replaces Peter Gunning, who has taken on a new role as vice chairman and strategic relationships officer, spokesman Steve Claiborne said in an email.
Ms. El-Hillow was previously managing director and multiasset deputy CIO at Goldman Sachs Asset Management. Goldman Sachs spokesman Patrick Scanlan said her responsibilities have been taken on by other team members.
Russell also named Kevin Klingert as president of Russell Investments. He will focus on day-to-day business execution and take on some duties from Chief Operating Officer Rick Smirl, who left Russell to join another firm at the end of April. Vernon Barback had the title of president at Russell until 2018 when he took on the role of vice chairman, in which he focuses on strategic initiatives for the firm, Mr. Claiborne said.
Mr. Klingert was previously head of fixed income and liquidity at Morgan Stanley Investment Management before leaving in 2016.
Russell Investments had $326.9 billion in assets under management as of March 31 and $2.5 trillion in assets under advisement as of June 30, 2020.
