Russell Investment Group has promoted Jamie Axford to managing director of national accounts for its U.S. distribution business.

In his new role, Axford will head Russell's U.S. distribution client executive group, responsible for fostering Russell's key strategic relationships, including Northwestern Mutual Financial Network, A.G. Edwards & Sons, and Raymond James Financial Services. Axford will report directly to Greg Stark, head of the U.S. distribution group.

Russell's U.S. distribution business had nearly $22 billion assets under management as of March 31, 2005, up 26% from a year earlier.

Axford joined Russell as a client executive in October 2004 after 15 years at MFS Investment Management, where he most recently served as vice president, senior national account manager.

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