Frank Russell Allies with Bank of Tokyo-Mitsubishi
March 22, 1999
Frank Russell Company has formed a strategic alliance with Bank of Tokyo-Mitsubishi to offer the latter's customers in Japan an investment trust product containing Russell's multiple-manager funds. These multiple-manager funds use the same research and investment approach that Russell offers its large pension clients, which have $1 trillion in assets. Russell has been offering its multiple-manager funds for 20 years and has formed similar strategic alliances to distribute these products in Canada, Australia, the U.K., Europe and Singapore.
The two companies plan to launch this initiative this summer.