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Retirement Industry People Moves


Russell Investments Announces Several New Hires
Kate El-Hillow has joined Russell Investments as global chief investment officer (CIO), and Kevin Klingert has been hired as president. Both El-Hillow and Klingert will serve on Russell Investments’ executive committee and report to
Chairman and CEO Michelle Seitz.
“Kate and Kevin join us at a critical time, as asset owners increasingly look to partner with solutions providers that deliver highly customized investment strategies tailored to specific outcomes,” Seitz says. “Although we continue to see significant demand for investment solutions, only one in four asset owners with less than $10 billion in assets have outsourced their investment activities. Kate and Kevin will further enable Russell Investments to capture the industry’s growth while leveraging our expansive global franchise to provide a frictionless experience to our clients.” ....

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American Trust Retirement acquires benefits consultant


American Trust Retirement acquires benefits consultant
Stanley Benefit Services is based in Greensboro, North Carolina; the transaction does not include a related RIA, Fund Direct Advisors.
May 4, 2021
Terms of the acquisition were not disclosed.
Fund Direct Advisors Inc., a registered investment advisory firm with the same owners as Stanley Benefits, will not be part of the acquisition and will remain independent under the leadership of Wes Stanley and Chris Stanley.
The remaining team members of Stanley Benefits, including Bill Stanley and Chris Francis, will become employees of American Trust Retirement.
The acquisition will be rebranded as Stanley Benefit Services, a Division of American Trust Retirement, and eventually transition to the American Trust name, the company said in a release. ....

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