TORONTO--(BUSINESS WIRE)--Russell Investments Canada Limited (“Russell Investments Canada”) has heightened the focus on its institutional business with the appointment of Andrew Kitchen as Managing Director, Institutional Canada. Kitchen will lead efforts to bring the firm’s multi-asset investment outsourcing solutions, implementation services and strategic advice to the Canadian institutional marketplace. Kitchen, who has 25 years of professional experience, including his most recent role as SEI Investments’ Managing Director for Institutional Investment, Canada, will be based in the firm’s Toronto office.
In addition to driving awareness and consideration of investment outsourcing solutions for institutional investors, Kitchen will provide strategic direction on best practices in governance, implementation and investment options to Russell Investments Canada’s clients.
“Andrew brings in-depth, client-focused experience to this key position, as the global trend toward investment outsourcing takes hold in Canada,” said David Steele, president and CEO, Russell Investments Canada. “Andrew has worked extensively with organizations to address complex issues, particularly in the areas of investment risk management, de-risking and liability-driven investment, and we are excited to have him lead the way in bringing high quality solutions to the Canadian institutional marketplace.”
According to Steele, few organizations have the time, resources and governance structure required for daily portfolio oversight at the investment portfolio level to help improve risk-return trade-offs and execution of real-time risk management and opportunistic portfolio allocations. For many plans, strategic advice and manager selection are not enough anymore to achieve their objectives, given the challenges presented by market volatility and the low interest rate environment. That’s where a true fiduciary solutions provider can add value in helping them reach their desired outcomes.
Commenting on his new role, Kitchen said, “I am excited to join Russell Investments Canada at this time in its history and to have the opportunity to lead the delivery of institutional solutions for Canadian clients who are seeking to meet a variety of outcomes. Many institutional investors are increasingly facing higher pressures and demands, both internally and in the broader investing landscape, and we can help them navigate those complexities.”
Kitchen is a Fellow of the Institute of Actuaries (FIA), a Fellow of the Canadian Institute of Actuaries (FCIA) and a CFA Charterholder.
Russell Investments Canada has worked with pension plans, endowments and foundations as an investment outsourcing solutions provider for more than 30 years.
About Russell Investments Canada Limited
Russell Investments Canada Limited is a wholly owned subsidiary of Russell Investments Group, Ltd. Established in 1985, Russell Investments Canada Limited has its head office in Toronto.
About Russell Investments
Russell Investments, a global asset manager, offers multi-asset portfolios and services which include advice, investments and implementation. Russell Investments stands with institutional investors, financial advisors and individuals working with their advisors—using the firm’s core capabilities that extend across capital market insights, manager research, asset allocation, portfolio implementation and factor exposures—to help each achieve their desired investment outcomes. The firm has more than CAD$355 billion in assets under management (as of 3/31/2017).
Headquartered in Seattle, Washington, Russell Investments operates globally with 21 offices, providing investment services in the world’s major financial centers such as London, Paris, Amsterdam, Sydney, Tokyo, Shanghai, Toronto and New York. For more information about how Russell Investments helps to improve financial security for people, visit russellinvestments.com/ca or follow @Russell_Invest.
Important Information
Nothing in this publication is intended to constitute legal, tax, securities or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. This information is made available on an "as is" basis. Russell Investments Canada Limited does not make any warranty or representation regarding the information.
Russell Investments is the operating name of a group of companies under common management, including Russell Investments Canada Limited.
Russell Investments' ownership is composed of a majority stake held by funds managed by TA Associates with minority stakes held by funds managed by Reverence Capital Partners and Russell Investments' management.
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INST-2017-07-12-0780. Expires July 2020.
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