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Russell sale fails to stem pension departures

Asset and fiduciary manager suffers another exit from pension solutions group

Russell sale fails to stem pension departures

Russell Investments, whose uncertain future was secured after its sale to private equity investor TA Associates was agreed last month, has suffered another senior departure from its pension solutions group.

Hannah Simons, associate director within its pension-specialist division, has left the firm, which manages some $237 billion and advises investors with another $2.4 trillion under management.

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