Russell Investments expects to add nearly 30 staff globally this year to boost its alternative investment capability.
Russell Investments has intentions to hire nearly 30 staff globally over the course of this year, following solid plans to focus on building its alternative investment capability.
"We've identified alternatives as an area that we want to build more capability and we'll be taking on globally an additional 29 headcount over the next 12 months," Russell director consulting and advisory services Greg Liddell told InvestorDaily.
"There's an intention to bring on 25 per cent of that headcount each quarter."
While a majority of these roles would be based worldwide, particularly in the UK and US, Liddell confirmed two roles would be based in Australia.
"There are roles that we've identified around the world, so some of those will be UK-based and our head office is in Tacoma (Washington). So some of the roles will be Tacoma-based and other roles will be in New York," he said.
"We've identified that we may end up hiring more people in Australia but we've specifically identified two roles - we'll be taking on a director of alternatives consulting and we're currently recruiting for that role.
"We'll also be taking on an investment analyst within our investment division in order to expand our alternatives research capability."
Russell has looked to both domestic and overseas markets to fill the Australian-based positions, Liddell said.
"I'm interviewing a number of people but they are principally Australian-based. We did consider individuals overseas in our long list of candidates but we have now narrowed it down to a number of Australian-based candidates," he said.
Russell expected to complete the recruitment of both candidates before the end of the first quarter of this year.
"We're probably going to take a little bit more time on the analyst role though," Liddell said.
The focus for the Australian alternative business would predominantly be in infrastructure and private equity, he said.
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