Chris Corneil will now head Russell Investments’ Australian and New Zealand businesses following the promotion of the group’s chief executive officer, Asia Pacific, Alan Schoenheimer, to head up the company’s international business operations.
Corneil, who is currently the managing director of Russell’s combined retail and institutional services group, Investor Services, first joined the company in 1998. In 2003 he was appointed to lead the retail business, and in February this year, took over as head of Investor Services.
Meanwhile, Schoenheimer’s promotion will see him oversee a team of 500 staff members across five continents, including Australia. He will be based in London.
Both appointments are effective from January 2009.
Vanguard Super has reported strong returns across most of its investment options, attributed to a “low-cost, index-based approach”.
The fund has achieved double-digit returns amid market volatility, reinforcing the value of long-term investment strategies for its members.
Australian super funds notched a third consecutive year of strong returns, with the median balanced option delivering an estimated 10.1 per cent over the 2024-25 financial year, but an economist has warned that the rally may be harder to sustain as key risks gather pace.
AustralianSuper has reported a 9.52 per cent return for its Balanced super option for the 2024–25 financial year, as markets delivered another year of strong performance despite the complex investing environment.