Northwestern Mutual completed its $2.7 billion sale of asset manager Russell Investments to the London Stock Exchange Group, the Milwaukee, Wis. firm announced today.
Northwestern acquired Russell in 1999 for an undisclosed sum, though analysts estimated the deal was worth $1.2 billion at the time. According to Northwestern, Russell oversees almost $260 billion in assets, largely for institutional investors.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access