Russell Investments appoints new CIO, president
Kate El-Hillow was named global chief investment officer of Russell Investments.
She replaces Peter Gunning, who has taken on a new role as vice chairman and strategic relationships officer, spokesman Steve Claiborne said in an email.
Ms. El-Hillow was previously managing director and multiasset deputy CIO at Goldman Sachs Asset Management. Goldman Sachs spokesman Patrick Scanlan said her responsibilities have been taken on by other team members.
Russell also named
Kevin Klingert as president of Russell Investments. He will focus on day-to-day business execution and take on some duties from Chief Operating Officer
Rick Smirl, who left Russell to join another firm at the end of April.
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Russell Investments, owned by private equity firms TA Associates and Reverence Capital Partners, has hired a new global chief investment officer as well as president, marking the second time in three years that the firm has shuffled its senior leadership team.
The investment services and outsourced CIO firm has tapped Goldman Sachs s Kate El-Hillow as global CIO and J.P. Morgan mutual fund trustee Kevin Klingert as president.
Pete Gunning, who stepped in as Russell’s CIO in October 2018 after Jeff Hussey left the firm, will stay on in a newly created role as vice chairman and strategic relationships officer. Gunning had been CIO before Hussey s five-year tenure in the post.
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