Russell Mellon Analytical Dons New CAPS

December 20, 2001 ( - Russell/Mellon Analytical Services purchased UK-based Combined Actuarial Performance Services, Ltd. (CAPS), an investment services organization that will be combined with Russell/Mellon's European operations.

The new UK organization will be called Russell/Mellon CAPS. Fred Settelmeyer, formerly the Managing Director of Russell/Mellon Europe, will head up the new entity.

Prior to its purchase by Russell/Mellon, CAPS was jointly owned by three of European actuarial consultancies, Bacon & Woodrow, Watson Wyatt and William M Mercer. The three firms will have a continuing relationship with Russell/Mellon CAPS in respect of mutual clients.

The new organization combines CAPS’ performance measurement services and institutional client base with Russell/Mellon’s systems, products, methodologies, data warehouses, and client services.

The combined entity will have a client base of more than 1,200 pension fund clients with assets totaling over $700 billion in Europe.