The Russell Investments board of directors this week approved two new members, both Tacoma residents.
Joining the seven-member board are Peter Gunning, chief investment officer, and Frank Ryan, chief financial officer.
In addition to the appointments, Edward Zore, parent company Northwestern Mutual president and CEO, will become board chairman.
Russell President and CEO John Schlifske said in a company release, "Both Pete and Frank were chosen for this important role because of their strong leadership and understanding of Russell’s business, and because both have global responsibilities within their respective parts of our business."
Gunning directs the company’s investment management and research activities across the globe and serves on Russell’s investment, executive and management committees. Before coming to Tacoma he was regional CIO for Russell’s Asia-Pacific region. He joined Russell at their Sydney office in 1996.
Ryan is responsible for Russell’s financial and control functions including accounting, tax, treasury, management reporting and planning. He sits on the management and executive companies and joined the company this year. He previously served as CFO and managing director at the San Francisco office of Barclays Global Investors.