Russell Investments is a global provider of multi-asset solutions with £152bn of assets under management. Its core capabilities extend to capital markets insights, manager research, portfolio construction, portfolio implementation and indexes.
US firm Northwestern Mutual Life Insurance announced in January this year it was exploring avenues to sell its majority stake in Russell Investments. It purchased the firm in 1999 for more than $1bn (£593m).
In June 2014, London Stock Exchange agreed to buy Russell in a £1.6bn deal. The acquisition will add the £3trn of assets benchmarked to Russell to the £2.4trn of equities benchmarked to FTSE indices