The two new team members will focus on the development of customized solutions for institutional DC plan investors, as well as marketing strategy and business growth. They will report to Dick Davies, managing director, defined contribution, Americas Institutional.
Lennon, an internal appointment, has been promoted to the newly created role of director, defined contribution solutions. He is based in Seattle and will be responsible for enhancing Russell’s offerings to institutional DC plan investors. Lennon has more than 20 years of experience at Russell in various client service, analytical and managerial positions, and most recently served as director of product for Americas Institutional.
Rappa, who will be based in New York, comes to Russell as director of business growth, defined contribution. She will lead new business development initiatives focused on identifying Russell investment management capabilities relevant to DC plan sponsors and introducing them to the marketplace. Rappa brings more than 20 years of experience and an extensive background in retirement plans to Russell, most recently working with the Russell Indexes team as an independent consultant to design and develop product strategy for various Russell Indexes.
“The valuable experience and perspective Keith and Michelle bring to Russell will help us enhance the reach of our current capabilities,” said Davies, in the announcement, “and ensure that we have the operational bench strength to deliver our market-leading solutions in response to growing client demand.”