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Russell wins two clients for consulting business

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Russell Investments has won two clients for its consulting business: National Cash Register and the Pension Protection Fund.

Russell has been appointed to work with the pension advisory business of NCR and has been selected to join a panel of investment consultants advising the PPF on specialist projects to supplement its existing advisory arrangements.

Russell successfully tendered for the GBP500m pension advisory business of NCR. Part of Russell’s brief will be to widen NCR’s asset allocation from a traditional liability driven investment and equity mix while improving governance.

Meanwhile, members of the PPF panel will advise the PPF on project based work covering specialist investment advice, new and emerging asset classes, LDI management, strategic and tactical asset allocation advice, portfolio construction and risk budgeting, assessing and monitoring fund managers across a wide array of asset classes and advice in transitioning assets.

Stephen Swinbank, chairman of trustees at NCR, says: "At NCR we are committed to reviewing and where possible improving our fund governance and investment strategy.  We look forward to working with Russell to evaluate our current structure and ensure we continue providing our members with the most robust and accountable governance framework possible."

Sorca Kelly-Scholte, managing director, consulting and advisory services at Russell, adds “We are delighted to have further broadened our consultancy practice with these two successful tenders. Our appointment to provide a full advisory relationship for NCR is testament to our proactive approach to asset allocation and the bespoke service we provide to clients. We are also pleased to have been selected to join this PPF panel. The PPF have identified a range of different areas where it made sense to supplement its existing advice with additional expertise and we look forward to working with them on specific projects.”

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