The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

Russell Investments 
US-headquartered investment firm Russell Investments has been appointed by Income Insurance, one of Singapore’s composite insurers, to manage an $8.6 billion foreign exchange (FX) overlay mandate across its global investment portfolio. Income Insurance manages a diversified $33.6 billion multi-asset investment programme spanning bonds, equities, and private assets and serving close to 1.4 million customers.

“Russell Investments stood out for its portfolio hedging and implementation expertise,” said David Chua, chief investment officer, Income Insurance. “The proposed solution aligns with Income Insurance’s investment model towards operating efficiencies and execution capabilities.”

“We are proud to serve one of Asia’s leading insurers and see Income Insurance’s appointment as a clear sign of the rising demand for currency solutions. Delivering efficient implementation to improve returns for insurers and family offices is a core part of our continued expansion in Asia," Jason Edgar, head of Asia-Pacific at Russell Investments, added.

Under the mandate, Russell Investments will deliver a customised FX overlay programme to manage Income Insurance’s currency exposures in line with its overall investment objectives. The solution provides enhanced transparency over FX exposures across asset classes and regions, enabling more effective management of currency risk. Russell Investments will also support overlay implementation through a streamlined operating model, leveraging straight-through processing (STP) and direct integration of custodian data.