(10 September 2007 – Australia) ACT Department of Treasury has appointed global investment and superannuation specialist Russell Investment Group to provide asset consulting advice for the next five years for financial investments worth in excess of A$3 billion.Russell beat off nine investment consulting firms after a lengthy and detailed open tender process to win the ACT Treasury job.
Russell managing director Institutional Investment Services, Stephen Roberts, said the A$3 billion mandate was an exciting opportunity and that the company was excited by the opportunity to work with the ACT Treasury to help secure the best results for its investment assets.
The ACT Department of Treasury is responsible for the management of the majority of the Australian Capital Territory’s financial investment assets.