Lloyd Raynor, one of the brightest prospects in Russell Investments’ London office, is to leave the firm for an asset manager, CIO has learned.
Raynor has decided to join Insight Investment to work on its liability-driven investment (LDI) team in the new year.
Raynor, who joined Russell in 2008 from Towers Watson, is to be a client director, reporting to Paul Bourdon, head of institutional client relationship management. He had been associate director at Russell and responsible for UK client consulting.
“This latest hire further strengthens our well-resourced client relationship management team and underlines our commitment to providing the best possible service and solutions to meet our clients’ evolving investment needs,” a spokesperson for Insight said.
Russell was sold to the London Stock Exchange earlier this year. The acquirer took on the firm primarily for its index business, but has not laid out plans for the consulting arm.
Insight, which has long been a leader in the UK’s liability-driven investment market, has been pushing into the burgeoning US sector. Last month its parent company BNY Mellon bought US fixed income specialist Cutwater, which is to be merged into Insight.
Russell declined to comment on the move.
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