Russell Closing Up Defined Contribution Gap

Russell Investments is looking for new directors of defined contribution.

One director position, which is new, is for the Russell's Americas institutional (AI) group and can be based in New York, Chicago or Seattle. The other is a replacement in the advisor-sold defined contribution side for Ben Jones,who recently left Russell to join BMO Financial Group.

The institutional-side director will work primarily with Russell’s institutional consulting, sales and client service organizations to promote Russell’s defined contribution investment services with a focus on default investments. Default investments include target date collective trusts, custom target date portfolios and adaptive retirement accounts.

The institutional-side director reports to the managing director Dick Davies of defined contribution.

Ben Jones recently left his position as director of advisor-sold defined contribution to serve as defined contribution investment-only manager on BMO Financial Group's defined contribution team.

Russell is headquartered in Seattle. It has $162.9 billion in assets under management as of Dec. 31, 2012, in its mutual funds, retirement products, and institutional funds.