verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . may 2013 learn how and when to remove this template message russell investments type subsidiary industry financial services founded 1936 headquarters russell investments center seattle washington united states key people len brennan ceo aum 244 billion as of 06 30 16 number of employees 1700 1 parent ta associates website russell investments russell investments former headquarters in downtown tacoma wa with mt. rainier in the background . russell investments is a global asset management firm founded in 1936 . it provides multi asset investing solutions to institutional investors as well as to individuals via financial advisors . 2 the company is owned by private equity firms ta associates and reverence capital partners . 3 4 contents 1 history 2 products and services 3 see also 4 references 5 external links history edit 1936 local businessman frank russell starts a small brokerage firm in tacoma washington . 1958 george russell joins his grandfather s firm frank russell company . six months later george becomes chairman president and ceo when his grandfather dies . the company has two employees george and an assistant . 1974 russell s institutional consulting business grows from a single client to 40 major u.s. clients including at & t and general motors . 1979 russell initiates its global presence with the opening of an office in london . 1980 russell launches its investment management business in response to a client s request for funds that provide a fully diversified and packaged blend of investment managers . russell begins leveraging its research of outside managers clarification needed to create a manager of managers investment process for smaller retirement plans and individuals . 1984 russell researchers create the russell 1000 russell 2000 and russell 3000 indexes as benchmarks for evaluating manager performance . russell opens an office in toronto ontario . 1986 russell opens an office in tokyo japan and opens an office in sydney australia . 1988 russell dedicates a new headquarters building in tacoma wash . 1990 mike phillips is named president of frank russell company . in 1993 he is named chief executive officer . george russell continues as chairman . george russell establishes russell 20 20 a group of independent money managers and plan sponsors who explore emerging markets with an eye toward investment opportunities . 1999 russell expands to singapore . northwestern mutual the largest provider of individual life insurance in the united states acquires russell . the company retains the russell name management office locations and investment approach . 2002 george russell retires retaining the role of chairman emeritus for frank russell company and russell 20 20 . 2003 russell changes its business name to russell investment group . craig ueland is appointed president of russell in july 2003 and then ceo effective january 2004 . 2004 in march russell acquires pantheon ventures the global private equity fund of funds specialist headquartered in london . in august russell acquires the australian hr services operation of towers perrin . 2007 russell s family of u.s. equity indexes goes global with the launch of a family of global stock indexes . russell opens an office in seoul korea . 2008 russell investments announced that they might leave tacoma having outgrown their old headquarters . the lease on the headquarters on a street expires in 2013 . local government officials wary of losing the biggest company in downtown tacoma have started an attractive campaign to keep russell in tacoma including plans for a brand new headquarters . 5 6 ft reports that russell investments is to close two of its three main hedge funds following a sharp drop in assets under management to less than two billion usd . investors were already gated and redemptions reported to be high . many staff in the alternatives division were laid off with the few remaining persons employed to oversee the wind down process of the above . 2009 russell s board of directors named andrew doman as russell s new chief executive officer . andrew doman assumed role of president upon john schlifske s return to northwestern mutual . russell investments said they would move headquarters from tacoma to chase center in seattle . 2010 russell investments completes move of headquarters to seattle . the former chase center building is now renamed russell investments center . 2011 russell s board of directors named len brennan as russell s new chief executive officer . he is also chief executive of the firm s europe middle east africa business . russell investments opens its first regional office in germany with the launch of frankfurt operations during october . 2014 northwestern mutual sells russell investments to london stock exchange group for 2.7 billion . 2016 london stock exchange group completes 7 sale of russell investments to ta associates and reverence capital partners for 1.15 billion . lseg kept the indexes side of the business as ftse russell . products and services edit russell provides financial and investment services to institutional clients such as pension funds non profits healthcare systems and defined contribution plans . 8 8 9 individual investors can access these services through one of russell s 580 partners such as banks brokers and insurance companies . 10 11 russell u.s. indexes have 4.1 trillion in assets benchmarked to them including more than 80 billion in etf assets that are linked to russell s indexes . 12 russell launched its family of u.s. indexes in 1984 to measure the u.s. market segments . the resulting methodology produced the broad market russell 3000 index and the small cap russell 2000 index . the russell global index introduced in 2007 captures 98 % of the global equity market and reflects the performance of more than 10 000 stocks worldwide . as of june 30 2008 russell s u.s. indexes have us 4.0 trillion in assets benchmarked to them and account for 63.3 percent of u.s. equity products benchmarked by u.s. institutional investors . russell nomura equity indexes calculated with nomura securities co. ltd. offer broad market or style benchmarks for investors in japan . citation needed in north america russell delivers target date and target portfolio products directly to defined contribution dc plan sponsors as well as distributes lifepoints funds through financial professionals . see also edit russell indexes russell 3000 index russell 2500 index russell 2000 index russell 1000 index russell top 200 index russell top 50 index russell midcap index russell microcap index russell small cap completeness index references edit https russellinvestments.com au about us history . missing or empty title help https russellinvestments.com us about us news article http www.ta.com about news ta associates and reverence capital partners complete acquisition of russell investments from london stock exchange group local news the news tribune . thenewstribune.com . local news the news tribune . thenewstribune.com . ta associates news . ta.com . a b pensions & investments http researchcenter.pionline.com profiles money manager 35098 overview . missing or empty title help . glassdoor.com http www.glassdoor.com overview working at russell investments ei ie11403 .11 30.htm . missing or empty title help http www.peimedia.com product.aspx cid 7441 & pid 222290 & conttype 11 & spkid 3476 . missing or empty title help investmentnews http www.investmentnews.com article 20120911 free 120919981 . missing or empty title help russell investments koenig sheds light on the methodology of constructing an index smartblogs . smartblogs . external links edit russell indexes retrieved from https en.wikipedia.org w index.php title russell investments & oldid 742754780 categories companies based in seattleamerican stock market indiceshidden 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