Russell Investments has hired Michelle Seitz as chief
executive officer, the latest change to senior management at
the company in the past year.
Seitz, previously the head of investment management at
William Blair, began her new role on Thursday and will become
chairman of Russell in January, according to a statement from
the firm. She replaces Len Brennan, who was CEO for six years
and currently serves as chair. He will become a strategic
adviser to the asset manager next year.
The leadership change comes about 15 months after
private-equity firms TA Associates and Reverence Capital
Partners acquired Russell Investments from London Stock
Exchange Group for $1.15 billion. Seitz, who served on the
William Blairs seven-person executive committee, helped
expand its institutional business to $65 billion of assets
under management from $2.3 billion in 2001.
Even though its 81 years old, I do think
theres so much more Russell can bring to the industry,"
Seitz said in a phone interview. The investment
horsepower of the organization is just only in its nascent
Seitz declined to comment on any potential changes to the
Under Lens leadership for the past six years,
the firm has built on its legacy of asset management innovation
to offer industry-leading multi-asset solutions and
recognized outsourced-chief investment officer services,
Milton Berlinski, a managing partner at Reverence Capital, said
in the statement.
Before becoming William Blairs head of investment
management, Seitz led the firms private wealth-management
business. She also previously worked in senior money management
roles at Concord Investment Co. and Nationsbank, according to
Russell has shifted several executives since TA Associates
and Reverence Capital completed their acquisition of the asset
In January, Bryan Weeks was appointed to lead the
firms Americas institutional business, after working as
CEO of Silver Creek Capital Management for 12 years. He
succeeded former head of Russells Americas institutional
business, Greg Gilbert.
In April, Russell hired a new chief marketing officer, Toby Hoden, who
formerly served as chief marketing officer at Voya. The same
month, the firm said it hired Joseph Linhares from BlackRock as
its new head of EMEA, or Europe, the Middle East