The London Stock Exchange has decided to sell the
investment management business of US-based index provider and asset
manager Russell Investments, after acquiring the company from the
Northwestern Mutual Insurance Company for $2.7 billion last summer.
The LSE already announced that it would retain Russell's indexes vertical in June and combine its with its own FTSE index business to create a global index business with more than $9 trillion in assets benchmarked to its indexes.
In a statement, LSEG said it would continue to be committed to maintaining Russell's client service and products, but will also focus on "successfully integrating Russell Indexes with FTSE."
Read more at Click here / www.trade4x.net
The LSE already announced that it would retain Russell's indexes vertical in June and combine its with its own FTSE index business to create a global index business with more than $9 trillion in assets benchmarked to its indexes.
In a statement, LSEG said it would continue to be committed to maintaining Russell's client service and products, but will also focus on "successfully integrating Russell Indexes with FTSE."
Read more at Click here / www.trade4x.net
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