Russell completes Zurich IM business acquisition

Binaya Dahal

Journalist

2 April 2026

Russell Investments has completed the acquisition of Zurich Insurance Group’s Australian investment management business, expanding its distribution reach across the country’s financial adviser network.

The transaction, announced in January, is expected to add nearly $2 billion in funds under management, taking retail and wealth FUM of the $565 billion manager to approximately $11 billion in Australia.

As part of the deal, Russell will incorporate Zurich’s funds and adviser relationships into its local platform but did not disclose the terms of the transaction.

Russell’s Head of Asia Pacific, Jason Edgar, said the acquisition enables the firm to extend its global investment capabilities locally. 

“The addition of Zurich’s wealth business in Australia expands our presence in a growing segment of the market and continues our momentum across the Asia-Pacific region,” Edgar said. 

The manager said it will rebrand Zurich’s suite of funds as the Z Series while keeping their structures, underlying investment strategies and specialist managers unchanged to provide continuity for advisers and investors.

Russell’s Head of Distribution Australia and New Zealand, Neil Rogan, said the deal will expands the ways advisers deliver portfolios and tailor solutions to meet different client needs. 

“We’re pleased to welcome new advisers and clients to Russell Investments and look forward to providing access to our global capabilities and access to a wider range of portfolio solutions, including managed accounts,” Rogan said.