Russell Investments appoints Global Head of Product
Robert Hostetter assumes newly created role to guide the firm’s global investment expertise into solutions that meet the evolving needs of clients.
SEATTLE, June 18, 2018 — Global asset manager Russell Investments announced today that Robert “Bob” Hostetter has joined the firm in a new position as Global Head of Product. With 20 years of experience driving product strategy in the investment management industry as both an executive and a consultant, Hostetter now leads the development and honing of investment solutions that draw from expertise and strategies across Russell Investments’ global operations. The ultimate goal is to achieve better outcomes for the firm’s clients, addressing challenges common to many institutional investors and financial intermediaries. Hostetter reports directly to Chairman and CEO Michelle Seitz.
“At Russell Investments, we have spent decades developing innovative investment solutions to help our clients achieve the outcomes they expect,” said Seitz. “In creating this enhanced global product framework, we’ll be better positioned to take solutions perfected in one region and apply them on behalf of clients in other parts of the world. Bob and the new Global Product team will work to ensure that we fully leverage our best ideas and insights on a global scale.”
Hostetter will work across Russell Investments to develop and enhance the firm’s capabilities, which already encompass a wide and deep toolkit of asset classes, factors, styles and managers. He will focus on organizing these capabilities into solutions to help clients achieve specific outcomes utilizing the firm’s full range of asset management, investment outsourcing, implementation and advice offerings.
Commenting on his new role, Hostetter said, “Russell Investments has a compelling platform of deep client relationships and a reputation for client solutions that is second to none. I am thrilled to have the opportunity to build on these strengths and help make Russell Investments’ best solutions even better for our clients.”
Hostetter’s previous industry experience includes AllianceBernstein, where he served as Managing Director and Global Head of Product Strategy. He was responsible for directing the firm’s overall product lineup across equities, fixed income, multi-asset and alternatives in North America, EMEA, and Pan-Asian markets. He also improved the success of AllianceBernstein’s product development program, driving expansion of both revenue and return on invested capital in newly launched products. Prior to AllianceBernstein, Hostetter led William Blair Investment Management’s move into alternatives and multi-asset investment. He also drove the firm’s efforts to create products designed to meet specific client needs. Earlier in his career, Hostetter was a consultant to asset management and private equity firms for McKinsey & Company.
About Russell Investments
With more than 80 years of experience, Russell Investments is a global investment manager, dedicated to helping investors reach their long-term goals. Russell Investments offers investment solutions in 31 countries, manages $298 billion in assets (as of March 31, 2018) and provides consulting services on $2.3 trillion in assets (as of Dec. 31, 2017). Russell Investments specializes in multi-asset solutions, scouring the globe to deliver the best investment strategies, managers and asset classes to its clients around the world.
Headquartered in Seattle, Washington, Russell Investments operates globally with 21 offices, providing investment services in the world’s major financial centers such as New York, London, Tokyo and Shanghai. For more information about how Russell Investments helps to improve financial security for people, visit russellinvestments.com or follow @Russell_Invest.
Steve Claiborne, 206-505-1858, or email@example.com