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Russell Investments bolsters actuarial team
Russell Investments has made three appointments to its actuarial consulting team to support its clients in an environment of increased regulatory complexity and volatile investment markets, it said.
Former Towers Watson employee and 18-year Russell Investments executive, Louise Campbell, has been promoted to director and head of actuarial.
Bill Butler, with over 30 years experience in superannuation and actuarial work at organisations including Rice Warner and Deloitte, has been hired as director, and Margaret O'Halloran, who brings two decades of experience to the team, has been appointed senior consultant.
Russell's dedicated actuarial team now stands at 30 employees and provides advice covering more than $80 billion worth of superannuation savings.
Russell chief executive Asia Pacific, Alan Schoenheimer, said the traditional role of the actuary had changed due to the evolving nature of investment markets and increased regulatory complexity.
"This has resulted in a reduced focus on number crunching and an increased focus on a more collaborative problem-solving approach," he said.
Schoenheimer said Russell's actuaries provided critical information and advice.
"As an asset manager, you can't manage investments to a specific outcome unless you have a clear understanding of the potential risks you're facing, and how to manage and mitigate those risks," he said.
"These appointments strengthen Russell's capabilities to deliver multi-asset retirement solutions that respond to the changing market conditions," Schoenheimer said.
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