Russell Promotes Brennan to President & CEO

Russell Investments has promoted Len Brennan to president and chief executive officer, succeeding Andrew Doman, who is now chairman of the board. Ed Zore, who has been chairman since 2008, will remain on the board as a director.

Brennan recently rejoined Russell as chief executive officer of the Europe, Middle East and Africa business, a position he will continue to hold in addition to his new posts. Brennan will also be a director on the board.

Dating back to 1985, Brenan has spent most of his career at Russell, including a recent position as managing director of individual investor services, overseeing Russell’s third-party funds distribution business and individual investor services in the United States, Europe, Asia, the Middle East, South Africa, Canada and Australia. Before that, Brennan managed the firm’s Toronto and London offices.

From 2005 to 2011, Brennan was president and CEO of Rainier Investment Management.

“Russell has held an important place in my life for more than 25 years, so I am deeply honored to accept the position of president and CEO, and I am fortunate to have such a strong global leadership team to work side-by-side with me,” Brennan said. “I want to thank Andrew Doman for his many contributions to the company. Russell is clearly a stronger and better-positioned firm than it was when Andrew joined us.”

Brennan added, “Looking forward, my priorities for Russell are to constantly evolve our business in order to meet the changing needs of our clients globally, while preserving the DNA that has made this company exceptional for 75 years. I am committed to ensuring that our core values and purpose as an organization remain unchanging guideposts for everything that we do.”

Doman was president and CEO for 2-1/2 years at a time when the financial services industry faced one of its most challenging periods in its history, Russell Investments said. Nonetheless, Doman expanded Russell’s global presence and grew its products and service offerings.

Doman said: “I believe we have found in Len the right successor to take Russell to the next stage of the firm’s growth. Len is one of the architects of what Russell is today. The rest of the board and I are confident that he possesses the right mix of visionary leadership and ties to Russell’s rich legacy to effectively lead the organization forward.”

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