Russell Investments to acquire Zurich Investment Management, accelerating growth of its Australian wealth business

Sydney, 2026-01-29 – Transaction to add nearly A$2 billion (US$1.4 billion) in funds under management and expand adviser distribution.

Russell Investments has agreed to acquire Zurich Investment Management Limited (“ZIM”), accelerating the growth of its wealth management business in Australia and strengthening its presence across the local adviser market.

The transaction is expected to add nearly A$2 billion (US$1.4 billion) in funds under management, taking Russell Investments’ retail and wealth funds under management in Australia to approximately A$11 billion (US$7.7 billion). It will also expand Russell Investments’ distribution footprint with financial advisers nationwide.

Jason Edgar, Head of Asia-Pacific at Russell Investments, said the acquisition underscores the firm’s commitment to the Australian wealth market. 

“This acquisition adds to the strong growth and momentum in our Australia wealth business," Mr Edgar said. 

"Delivering institutional grade investment solutions to wealth advisers is a global priority for Russell Investments. Adding a business of ZIM's calibre will enable us to extend these capabilities to even more advisers and reinforces our commitment to leading in this fast-growing segment of the Australian market.”

Justin Delaney, CEO of Zurich Australia & New Zealand, said the transaction positions the investment management business for its next phase of growth.

“Over many years, Zurich Investment Management has delivered compelling managed fund solutions to Australian investors,” Mr Delaney said.

“The decision to divest ZIM reflects where Zurich is heading as an organisation, allowing us to continue to focus on our core operations in the Australian insurance market. Russell Investments brings global scale, deep investment capabilities and a strong local presence, making it an ideal partner for our advisers, investors, and employees.”

There are no immediate changes to the range of multi-asset, sector and single-strategy funds currently managed by ZIM. Upon completion, ZIM’s distribution, client-facing and retail investment specialists will join Russell Investments Australia. The combined team will extend Russell Investments’ wealth offering and extend its portfolio management and servicing capabilities to a wider group of advisers.

The transaction is subject to customary closing conditions, with completion anticipated around the end of the first quarter of 2026. Terms of the deal were not disclosed.

About Russell Investments

About Russell Investments

Russell Investments is a leading global investment solutions partner providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Since 1936, Russell Investments has been building a legacy of continuous innovation to deliver exceptional value to clients, working every day to improve people’s financial security.

 

The firm has A$565 billion (US$377 billion) in assets under management (as of 31 December 2025) for clients in 30 countries. Headquartered in Seattle, Washington, Russell Investments has offices in 17 cities around the world. Its Asia Pacific business serves institutional and retail investors across Japan, Korea, China, Australia and New Zealand.

 

About Zurich Insurance Group

Zurich Insurance Group (Zurich) is a leading global multi-line insurer founded more than 150 years ago, which has grown into a business serving more than 75 million customers in more than 200 countries and territories, while delivering industry-leading total shareholder returns.

 

Zurich Financial Services Australia is a life insurance, commercial insurance and investments specialist that has been participating in the Australian market since 1920. Since its acquisition of OnePath Life from ANZ in 2019, the organisation provides life insurance to more than 1.5 million Australian customers under both the Zurich and OnePath Life brands. Further information about Zurich Financial Services Australia is available at www.zurich.com.au.

 

Important information

Issued by Russell Investment Group Pty Ltd ACN 003 066 859, AFSL 247172. Further information about Russell Investments can be found at www.russellinvestments.com.au

 

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MEDIA CONTACTS

newsroom@russellinvestments.com

Darren Snyder (Russell Investments)
darren@honner.com.au
0434 827 650

Isabella Molinari (Zurich Australia & New Zealand)
media@zurich.com.au
0401 105 653

Executive Bio

Jason Edgar
Head of Asia Pacific (APAC)

Jason Edgar serves as Head of Asia Pacific (APAC) for Russell Investments. Based in the firm's Sydney office, Jason is responsible for strategic oversight of the firm's business in the Asia-Pacific region, including Japan, Korea, China, Australia, and New Zealand. Prior to joining Russell Investments in 2023, Jason served as the Asia regional head of strategy and corporate development for MetLife, based in Hong Kong.

View Jason on LinkedIn

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