Bringing you live news and features since 2006 

London Stock Exchange

Northwestern Mutual to sell Russell Investments to London Stock Exchange Group

RELATED TOPICS​

Northwestern Mutual is to sell the company's subsidiary, Russell Investments, to the London Stock Exchange Group (LSEG) for USD2.7 billion.

The sale will be finalised later this year, pending regulatory and LSEG shareholder approvals and satisfaction of other closing conditions.
 
Russell is a global investment services firm that oversees almost USD260 billion in assets, primarily for large, institutional investors such as pension funds. The firm also maintains stock indices such as the Russell 2000. Russell mutual funds are available to retail investors.
 
"The proceeds from the sale will cap off what has proven to be a good investment for Northwestern Mutual," says John Schlifske, chairman and CEO of Northwestern Mutual. "When you look at the income it produced over all that time and this sale price you see a great example of how we build value for policyowners of our mutual company."
 
Northwestern Mutual manages more than USD184 billion in invested assets as part of its general account investment portfolio, which backs its insurance and annuity products.
 
Goldman, Sachs & Co and JP Morgan Securities acted as financial advisors to Northwestern Mutual on the transaction.

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by