Global asset manager, Russell Investments has been named Asia Transition Manager of the Year at Asia Asset Management’s annual Best of the Best Awards in January of 2013.
In 2012 Russell completed its most active transition management year ever, seeing a significant increase in principal traded growth rates. Russell reached a 23% increase in equity transition trading volumes and a 40% increase in fixed income transition trading volumes. Globally Russell managed transitions for 43 new clients with an increase of 21% in the number of events managed.
Adam Van Ness, Head of Implementation Services, Australia/New Zealand said, “We’ve had a very strong 2012, including managing the transitions of 43 new clients globally. The growth of Russell Implementation Services is a testament to our client aligned conflict-free business model, our trading capabilities, and our exposure management services.”
Russell’s expertise in implementation includes transition management, interim portfolio management, portfolio emulation, overlay services, FX agency trading, commission recapture and liability driven investment. Russell have over 120 transition management and implementation professionals operating out of Sydney, London, Seattle and Tokyo capturing all of the major capital market time zones.
The Asia Asset Management annual Best of the Best Awards recognise the most outstanding players in the fund management business in Asia. The awards are split into four categories including Performance, ETF and Indexing, Country, and Regional. As a winner within the Regional awards category, Russell has been recognsied as one of Asia’s top performing financial services companies.
According to Van Ness, “Winning this award for the second time in three years and the growth in transition volumes we have achieved over the past two years is a direct testament to our non-conflicting, agency only approach to multi-asset implementation issues. Our fully transparent approach has set us apart from the rest in the industry, and provides our clients with the confidence that they are gaining the optimal value from their activities.”
Russell initially created the modern day concept of transition management in 1980 in response to the investment needs of Russell’s pioneering multi-asset business, adopting a strict investment management model when it developed its pure agency Transition Management (TM) service. Today, Russell has one of the largest global transition teams with over 100 investment professionals, of which a significant portion is located in Sydney, Australia.
“At Russell, we built our transition business to improve the performance of our investment management offering. By viewing every decision through the prism of an investment manager, we have developed a model aligned with the needs of our clients and their portfolios, and it has been a key differentiator to our success globally,” Mr Van Ness concluded.
