Former CIO Timothy Hicks to lead Russell's North American Equities team
TORONTO, June 2 /CNW/ - Russell Investments Canada is pleased to announce
the appointment of Sadiq S. Adatia as its new Chief Investment Officer.
Adatia, who currently heads Russell's Canadian equity funds and LifePoints
Portfolios, will have overall responsibility for Russell Investments Canada's
investment team. He will continue to work closely with Timothy Hicks, who has
been promoted to Russell's global headquarters to lead Russell's North
American Equities team, bringing with him over 20 years of Canadian equity
"We are excited to have someone of Sadiq's caliber, insight, and
track-record guiding our investments as we continue to enhance our investment
services and commitment to clients," said Irshaad Ahmad, President and
Managing Director of Russell Investments Canada.
"Sadiq's regular collaborations with Tim Hicks and Russell's asset class
directors across the globe will help us provide investors with an even wider
breadth of capital market research and portfolio management expertise."
Since joining Russell in 2006, Adatia has worked closely with investment
advisors and institutional clients with respect to asset mix decisions, risk
management, and capital market research. Prior to joining Russell, Adatia led
the investment consulting business of a large multi-national consulting firm
Adatia sits on various committees, including the Society of Actuaries
Education and Examination Committee. He is also a member of the CFA Institute
and the Toronto Society of Financial Analysts.
Russell Investment Group provides strategic advice, world-class
implementation, state-of-the-art performance benchmarks and a range of
institutional-quality investment products. With more than C$218 billion in
assets under management as of April, 2008, Russell Investments serves
individual, institutional and advisor clients in more than 40 countries.
Russell Investments provides access to some of the world's best money
managers. It helps investors put this access to work in corporate defined
benefit and defined contribution plans, and in the life savings of individual
Founded in 1936, Russell Investments is a subsidiary of Northwestern
Mutual and is headquartered in Tacoma, Wash., with additional offices in New
York, Toronto, London, Paris, Sydney, Singapore, Auckland and Tokyo. Russell
Investments Canada Limited is a wholly-owned subsidiary of Frank Russell
Company. For more information, please go to www.russell.com/ca.
Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus before
investing. Mutual funds are not guaranteed, their values change frequently and
past performance may not be repeated.
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 is a publication of
Russell Investments Canada Limited and has been prepared solely for
information purposes. It is made available on an "as is" basis. Russell
Investments Canada Limited does not make any warranty or representation
regarding the information.
For further information:
For further information: Thien Huynh, (416) 640-2529; Katita Stark,