London Stock Exchange completes Russell acqusition
03 December 2014 | 2396 views | 0
Source: London Stock Exchange
London Stock Exchange Group plc (“LSEG” or the “Group”) is pleased to announce that following satisfactory completion of all outstanding conditions, the Group has today completed the acquisition of Frank Russell Company (“Russell”).
As previously announced, the comprehensive review of Russell’s investment management business is making good progress and is on track to be completed early in 2015.
Commenting on the completion of the acquisition of Russell, Xavier Rolet, Chief Executive of LSEG said:
“Today marks a significant step for the Group. Russell significantly enhances LSEG's presence in the US, the world's largest global financial services market, further expanding our global footprint and diversifying our customer and product base. We are delighted today to welcome Russell to the Group, and we are looking forward to working with new colleagues, new customers and new partners around the world”.