Deals of the Year 2023: Russell Investments embraces third party ManCo model as it reshaped its $30 billion Irish business
The decision by Russell Investments to transfer the management of its Irish regulated funds to a third party ManCo service provider resulted in one of the largest such transfers in Ireland to date. The complexity of the move included revoking its Irish SuperManCo authorisations while concurrently seeking MiFID authorisation from the Central Bank of Ireland, as well as authorisations in Germany, Netherlands and Italy.
This article appeared in the May 2023 edition.