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.
The super fund announced that Gregory has been appointed to its executive leadership team, taking on the fresh role of chief advice officer.
The deputy governor has warned that, as super funds’ overseas assets grow and liquidity risks rise, they will need to expand their FX hedge books to manage currency exposure effectively.
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.