Russell Investments Names Barback President in Executive Team Expansion

Jan 14 2016 | 9:56pm ET

Global asset manager Russell Investments has announced the appointment of Vernon Barback as president. 

Barback will focus on leading strategic infrastructure initiatives, including building and operating a comprehensive shared services model and advancing Russell Investments’ technology strategy for its multi-asset solutions business, according to a company statement. He will be a member of the firm’s executive committee and report to CEO Len Brennan. 

The appointment is effective January 21.

Barback joins Russell Investments from Altß Partners, an alternative investment firm he co-founded. Beforehand, he was president and COO of GlobeOp Financial Services, formerly a TA Associates portfolio company. 

TA Associates, one of the largest private equity companies in the world, announced in October 2015 that it entered into an agreement together with Reverence Capital Partners to acquire Russell Investments from London Stock Exchange Group. 

“Vernon’s vast financial services industry experience and extensive operational and technology expertise will help position our multi-asset business for the tremendous growth opportunities that lie ahead,” said Brennan in a statement. 

Founded in 1938, Russell Investments has approximately $270 billion in assets under management, including hedge funds, fund of funds and other alternative assets. It is one of the few firms to offer actively managed multi-asset portfolios and services that include advice, investments and implementation.

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