Global asset manager Russell Investments has appointed Mark Spina as head of its US private client services (PCS) business.
In this role, Spina is responsible for leading and expanding Russell Investments’ US adviser-focused business, with a focus on providing advisers with multi-asset investing solutions for their individual investor clients.
Spina is based in Russell Investments’ New York office and reports directly to CEO Len Brennan.
“The US adviser market presents a considerable opportunity for growth as advisors increasingly look for ways to manage risk while achieving desired outcomes for their clients,” says Brennan. “Mark is joining our firm at a pivotal time. A new awareness of the importance of fiduciary advice is putting multi-asset investing at the forefront of the solutions that wealth managers are leveraging for clients. Mark’s deep expertise and relationships will allow us to maximise the opportunities that lie ahead.”
Spina has extensive and diverse experience in the US adviser landscape, having spent the past two decades in roles focused on adviser distribution. He joins Russell Investments from Pioneer Investments where he was executive vice president and head of US adviser distribution. Prior, he spent 13 years at Voya Investment Management (formerly ING Investment Management) in sales, marketing and product roles. He also held positions at Alliance Capital and Long Bow Capital Management.
“Advisers are tackling the forces of change on multiple fronts, from aging clients and the generational transfer of wealth, to the uncertain regulatory landscape and continued market volatility,” says Spina. “Now more than ever, our business partners and their advisors want to work with asset management firms that can provide fiduciary-led solutions, a keen understanding of the opportunities and challenges that advisers face, and the resources and expertise to help them and their clients succeed. In all these respects, Russell Investments’ reputation is strong and its capabilities are differentiated. I am very excited to join the firm, to build on this reputation and expand the business by delivering practical solutions to complicated problems, paired with excellent ongoing service.”