Russell Investments Creates New Position – Director, Retirement Income

September 6, 2011 ( – Russell Investments has appointed Jeff Eng to the newly created position of Director, Retirement Income, for the firm’s Americas Institutional business. 

Based in New York, Eng will oversee solutions for institutional DC plan sponsors, who are increasingly looking to provide in-plan options for participants who are currently at or in retirement. Eng reports to Dick Davies, Managing Director, Defined Contribution, Americas Institutional. 

In conjunction with Russell’s team of DC consultants and investment management experts, Eng will work with DC plan sponsors to help them incorporate distribution strategies into target date fund solutions and to manage operational and compliance-related implementation challenges. This includes working with institutional clients on custom target date fund solutions. He will be an active contributor to Russell’s retirement income-focused research—developed for the firm’s institutional and adviser clients—on the efficacy of various annuitization and managed distribution approaches.

According to a press release, Eng brings to Russell an in-depth understanding of annuity product design; expert knowledge of insurer investment preferences and risk management practices; and a strong background in navigating the operational issues and legal/regulatory requirements for in-plan guarantees. Most recently, Eng worked at AllianceBernstein, where he served as Vice President and Product Director of Defined Contribution Investments. Prior to that role, he was a Principal Consultant at Context Integration and a Project Manager and Business Analyst supporting J.P. Morgan’s credit derivatives trading desk.