David Feather named new head of Russell Investments Canada Limited

TORONTO, March 23 /CNW/ - Russell Investments (Russell), a global financial services leader with $184.9 billion (CDN) in assets under management, is pleased to announce the appointment of David Feather as president and managing director of Russell Investments Canada Limited (Russell Canada).

"David is well-known and highly respected in the Canadian investment industry, and we are delighted to have someone of his caliber leading our Canadian operations as we continue to enhance our investment services and commitment to our institutional, consulting and retail clients," said Andrew Doman, Russell's global Chief Executive Officer.

"I am very excited to have David, given his depth of experience and strong skill set, lead our Canadian operations as we continue to strengthen our commitment to clients on a global scale. He, along with the entire Canadian leadership team, is well-positioned to continue to deliver excellent results and to bring the best ideas from Russell thought leaders worldwide to our Canadian clients," said Sandra Cavanaugh, managing director of Russell's Private Client Services.

As Russell Canada's President and Managing Director, Feather will work closely with clients and oversee the company's institutional, consulting and retail businesses.

"I have always admired Russell for its long history of innovation and renowned reputation for investment research expertise. As such, I am honored and excited to be joining the company and look forward to working closely with our clients and partners," said Feather.

Prior to joining Russell Canada, Feather was president of Mackenzie Financial Services Inc. and was responsible for leading the company's distribution efforts, sales, product management and sub-adviser investment management relationships. During his professional career, Feather has also worked in the Economic Strategy Group at Ernst & Young and in Corporate and Government Banking at the Bank of Montreal.

Feather holds an MBA from McMaster University and is a director at various charitable organizations, including the Mental Health Partnerships of Canada and the Child Development Institute.

About Russell Investments

Founded in 1936, Russell Investments is a global financial services firm that serves institutional investors, financial advisers and individuals in more than 40 countries. Over the course of its history, Russell's innovations have come to define many of the practices that are standard in the investment world today, and have earned the company a reputation for excellence and leadership.

Through a unique combination of wide-ranging and interlinked businesses, Russell delivers financial products, services and advice. A pioneer, Russell began its strategic pension fund consulting business in 1969 and today is trusted by many well-known worldwide institutions for investment advice. The firm has $184.9 billion CDN in assets under management (as of 12/31/09) in its mutual funds, retirement products, and institutional funds, and is well recognized for its depth of research and quality of manager selection. Russell offers a comprehensive range of implementation services that helps institutional clients maximize their assets. The Russell Indexes calculate over 50,000 benchmarks daily covering 65 countries and more than 10,000 securities.

Russell is headquartered in Tacoma, Washington, USA with offices in Amsterdam, Auckland, Chicago, Johannesburg, London, Melbourne, New York, Paris, San Francisco, Seoul, Singapore, Sydney, Tokyo and Toronto. Russell Investments Canada Limited is a wholly-owned subsidiary of Frank Russell Company. For more information about how Russell helps to improve financial security for people, visit us at www.russell.com/ca

For further information: Contact: Katita Stark, [phone]; For real-time news updates, follow @Russell_News on Twitter