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 winners have been announced for the 2025 Super Fund of the Year Awards, held in Melbourne on 26 November.
Australian Ethical Superannuation has seen additional licence conditions imposed on it by APRA over the fund’s expenditure management.
The fund has strengthened its leadership team with three appointments to drive its next phase of growth and innovation.
ASIC and APRA have warned many trustees have failed to meaningfully improve retirement strategies despite the retirement income covenant being in place for three years.