The firm is looking to replace Peter Gunning to research fund managers in Asia-Pacific.
000
Peter Gunning is transferring from Sydney to Tacoma, Washington to become the new global CIO and managing director of multi-manager investments at Russell Investment Group.
He has served as Asia-Pacific CIO for the past five years. The firm is now searching for his replacement among internal and external candidates. Gunning will now oversee $200 billion worth of multi-manager portfolios run by a team of around 300 professionals, as well as bring Asian expertise to the top role.
He succeeds Tom Hanly, who has been moved to the role of chief operating officer. Both Gunning and Hanly report to Craig Ueland, president and CEO. Ueland says GunningÆs record of investment innovation and ability to leverage RussellÆs global relationship with investment managers made him the most suitable person to take responsibility for the entire investment process.
Gunning, who will begin his new role in mid-February, will oversee RussellÆs investment management and research activities. He will also join its executive committee as well as remain a member of its investment committee.
He joined RussellÆs Sydney office in 1996 and served in a number of roles within investment management and manager research for Australia and Asia Pacific, including responsibility for equity and fixed-income portfolios for Japan and Australasia.
The Asia-Pacific investment teamÆs other members, including Symon Parish, James McSkimming, Kathy Cave and Clive Smith, will maintain day-to-day operations. Until a full-time replacement is found, Gunning will retain his role running Asia-Pacific, with the team members reporting to him.
000
Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
China Life names Yuan Changqing as acting chairman; Future Super hires operations chief; China Life Franklin Asset Management CIO and deputy CEO leave; Willis Towers Watson has hired Kameswara Natakusumah as head of Indonesia; Prudential hires ex-Apac CEO for Allianz George David Sartorel as a non-executive director; Manulife IM hires into multi-asset solutions team in Asia; PineBridge Investments hires from BNY Mellon IM; and more.
Companies in major indices across developed markets will be expected to issue climate-related disclosures and have a third of their boards comprise women by 2023.
The chair of China Life Insurance is under investigation for "serious violations of discipline and law"; Korea's National Pension Service was found to have been passive with efforts to mitigate climate change; Singapore's NTUC Income plans to spin off insurance business to new company; Temasek leads $300 million funding round alongside Qatar's SWF for Carsome Group; and more.
Case studies featuring global institutional investors’ best practices for setting climate action plans aim to encourage more to follow in their footsteps.
Asset owners can boost returns through alternative allocation, the head of alternatives at the Brunei Investment Agency says, as she takes on an expanded role.
Trevor Persaud has left Russell Investments after three years with the firm in Singapore. The news came at AsianInvestor's Southeast Asia Institutional Investment Forum yesterday.
Omicron may have put the bite into the property sector, but commercial property in Asia Pacific is defying the odds in a challenging sector, says a CBRE report.
Korea Teachers' Credit Union appoints new CIO; AIA Singapore hired ESG head from UOB; Ping An confirms appointment of Benjamin Deng as CIO; Australian Unity hires first head of responsible investment; AMP has new head of portfolio management for multi-assets, Robeco hires Asia fixed income head; Haitong makes three new appointments for institutional clients business; and more.
