United States $377 Billion Asset Manager Russell Investments in Potential Sale by Private Equity Owners United States $60 Billion TA Associates & $14 Billion Reverence Capital Partners (Acquisition of Russell Investments Completed in 2016), Russell Investments Founded in 1936 by Frank Russell
19th February 2026 | Hong Kong
United States asset manager Russell Investments ($377 billion AUM) is reported to be in potential sale by private equity owners TA Associates ($60 billion AUM) & Reverence Capital Partners ($14 billion AUM). Russell Investments was acquired in 2016 by TA Associates, Reverence Capital Partners & management team of Russell Investments. Russell Investments was founded in 1936 by Frank Russell. In 2026 February, United States asset manager Russell Investments ($377 billion AUM) announced to buy Zurich Investment Management with $1.7 billion (AUD 2 billion) AUM in Australia from Zurich Insurance Group. Russell Investments Australia retail & wealth funds will increase to $7.6 billion (AUD 11 billion) AUM post-transaction. Russell Investments – Russell Investments is a leading global investment solutions partner providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Since 1936, Russell Investments has been building a legacy of continuous innovation to deliver exceptional value to clients, working every day to improve people’s financial security. The firm has A$565 billion (US$377 billion) in assets under management (as of 31 December 2025) for clients in 30 countries. Headquartered in Seattle, Washington, Russell Investments has offices in 17 cities around the world. Its Asia Pacific business serves institutional and retail investors across Japan, Korea, China, Australia and New Zealand.
“ United States $377 Billion Asset Manager Russell Investments in Potential Sale by Private Equity Owners United States $60 Billion TA Associates & $14 Billion Reverence Capital Partners (Acquisition of Russell Investments Completed in 2016), Russell Investments Founded in 1936 by Frank Russell “
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United States $377 Billion Asset Manager Russell Investments to Buy Zurich Investment Management with $1.7 Billion (AUD 2 Billion) AUM in Australia from Zurich Insurance Group, Russell Investments Australia Retail & Wealth Funds Increase to $7.6 Billion (AUD 11 Billion) AUM Post-Transaction
2nd February – United States asset manager Russell Investments ($377 billion AUM) has announced to buy Zurich Investment Management with $1.7 billion (AUD 2 billion) AUM in Australia from Zurich Insurance Group. Russell Investments Australia retail & wealth funds will increase to $7.6 billion (AUD 11 billion) AUM post-transaction. Announcement (29/1/26): “Russell Investments has agreed to acquire Zurich Investment Management Limited (“ZIM”), accelerating the growth of its wealth management business in Australia and strengthening its presence across the local adviser market. The transaction is expected to add nearly $2 billion in funds under management, taking Russell Investments’ retail and wealth funds under management in Australia to approximately $11 billion. It will also expand Russell Investments’ distribution footprint with financial advisers nationwide.”
Jason Edgar, Head of Asia-Pacific at Russell Investments: “This acquisition adds to the strong growth and momentum in our Australia wealth business. Delivering institutional grade investment solutions to wealth advisers is a global priority for Russell Investments. Adding a business of ZIM’s calibre will enable us to extend these capabilities to even more advisers and reinforces our commitment to leading in this fast-growing segment of the Australian market. The transaction is subject to customary closing conditions, with completion anticipated around the end of the first quarter of 2026. Terms of the deal were not disclosed.”
Justin Delaney, CEO of Zurich Australia & New Zealand: “Over many years, Zurich Investment Management has delivered compelling managed fund solutions to Australian investors. The decision to divest ZIM reflects where Zurich is heading as an organisation, allowing us to continue to focus on our core operations in the Australian insurance market. Russell Investments brings global scale, deep investment capabilities and a strong local presence, making it an ideal partner for our advisers, investors, and employees. There are no immediate changes to the range of multi-asset, sector and single-strategy funds currently managed by ZIM. Upon completion, ZIM’s distribution, client-facing and retail investment specialists will join Russell Investments Australia. The combined team will extend Russell Investments’ wealth offering and its portfolio management and servicing capabilities to a wider group of advisers.”
Russell Investments – Russell Investments is a leading global investment solutions partner providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Since 1936, Russell Investments has been building a legacy of continuous innovation to deliver exceptional value to clients, working every day to improve people’s financial security. The firm has A$565 billion (US$377 billion) in assets under management (as of 31 December 2025) for clients in 30 countries. Headquartered in Seattle, Washington, Russell Investments has offices in 17 cities around the world. Its Asia Pacific business serves institutional and retail investors across Japan, Korea, China, Australia and New Zealand.
Zurich Insurance Group – Zurich Insurance Group (Zurich) is a leading global multi-line insurer founded more than 150 years ago, which has grown into a business serving more than 75 million customers in more than 200 countries and territories, while delivering industry-leading total shareholder returns. Zurich Financial Services Australia is a life insurance, commercial insurance and investments specialist that has been participating in the Australian market since 1920. Since its acquisition of OnePath Life from ANZ in 2019, the organisation provides life insurance to more than 1.5 million Australian customers under both the Zurich and OnePath Life brands.
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