Russell Investments Loses European CIO

Christophe Caspar will depart after spending 17 years with the firm.

Christophe Caspar RussellChristophe Caspar, Russell InvestmentsRussell Investments’ European investment chief has announced his departure.

Christophe Caspar, current global CIO of multi-asset solutions and CIO of Europe, the Middle East, and Africa (EMEA), will be leaving in the next few weeks, Russell confirmed to CIO. He will be pursuing a leadership opportunity elsewhere, ending a 17-year tenure with Russell Investments.

Brian Meath, managing director and portfolio manager of multi-asset strategies, has assumed Caspar’s responsibilities effective immediately, the firm said.

“As an integral part of the multi-asset team, Meath had a direct hand in the evolution and growth of Russell Investments’ multi-asset capabilities, which form the basis of our investment approach,” the spokesperson said.

Caspar had responsibility for asset portfolios totaling $100 billion and an 80-person investment team for the last seven years, according to his LinkedIn profile.

He is also a member of Russell’s EMEA executive committee, global investment strategy group, and global leadership team.

Caspar began his career at Russell UK as a portfolio manager, focusing on Asian and Japanese equity mutual funds and segregated accounts of more than $7 billion. He was appointed to CIO of Japan in 2006, and later to investment chief of Asia-Pacific in March 2008.

CIO of Fixed Income Gerard Fitzpatrick will add CIO of EMEA to his title and return to London, Russell announced.

These moves are the latest in a string of staff changes after private equity firm TA Associates bought Russell from the London Stock Exchange Group for $1.15 billion in cash.

At the time of the sale, TA said Russell’s “orientation to multi-asset and solutions investing” will continue to drive growth.

Related: Russell Appoints UK Fiduciary Head as Market Builds & TA Associates Buys Russell for $1.15B

By Sage Um