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Russell juggles CIOs in Asia

Christophe Caspar has been named CIO for Asia-Pacific, while Symon Parish takes the mantle in Australasia.
Global investment and superannuation specialist Russell Investment Group has announced two senior appointments to its Asia-Pacific investment team.

Christophe Caspar has been appointed to the role of chief investment officer for Asia-Pacific. Caspar used to be the firmÆs CIO for Japan, where he led the Investment Management & Research (IM&R) teamÆs Japan asset class over the past two years.

Meanwhile, Sydney-based director of portfolio management, Symon Parish, has been promoted to CIO for Australasia. He previously held portfolio management positions within IM&R in Australia and London, working across asset classes including Australia, Japan, Pacific Basin and emerging market equities.

The two new appointments follow the promotion earlier this month of Sydney-based CIO for Asia-Pacific, Peter Gunning, to the role of global CIO and managing director of multi-manager investments, based in Tacoma USA. Gunning, who has served as Asia-Pacific CIO for the past five years, will now oversee $200 billion worth of multi-manager portfolios run by a team of around 300 professionals.

Bruce Pflaum, managing director for Asia, says Gunning will continue to dedicate himself to Asia even in his new global role. Having a global CIO with vast experience in Asia will serve the firmÆs Asia-Pacific business and clients well, Pflaum says. ôWe can be assured that our global CIO will have a very clear understanding of the local market and challenges ahead.ö

Gunning says CasparÆs expertise will strengthen RussellÆs team in the region, building on his track record in Japan. With a nine-year history at Russell, Caspar has built an ôenviable performance recordö in his prior assignment as a portfolio manager for RussellÆs Asian and Japan equity portfolios, Gunning says. Caspar will continue to be based in Tokyo but will be a more regular visitor to Australia and the rest of Asia in his new role.

Parish, meanwhile, was the key architect in launching and managing RussellÆs portable alpha fund and has also developed a ôstrong, long-term investment performance track recordö, Gunning says. Parish will continue to be based in Sydney.

The key appointments have further strengthened RussellÆs research team, Gunning says.

The firm now has more than 500 professionals worldwide dedicated to researching and monitoring managers, studying capital markets and constructing investment portfolios; claiming to be the largest team of its kind worldwide.
Russell provides strategic investment advice, implementation, performance benchmarks, and a range of investment products. With more than $228 billion in assets under management, the firm serves individual, institutional and adviser clients in more than 44 countries. The firm was founded in 1936 and is a subsidiary of Northwestern Mutual.
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