Asia head of consulting exits Russell Investments

Russell Investments' Asia consulting head Trevor Persaud has left the firm.

News of Persaud’s departure came at AsianInvestor’s fifth Annual Southeast Asia Institutional Investment Forum at the Marina Bay Sands Hotel in Singapore yesterday, where he spoke on a panel.

Russell Investments did not respond to phone calls or emails seeking comment. It could not be determined if the firm had replaced him or begun a search by press time.

Persaud joined US-based Russell Investments in 2011 as practice leader for consulting and advisory services for Asean (Association of Southeast Asian Nations), Hong Kong, Taiwan and India. His service range covered investment advisory, asset allocation, risk management and portfolio construction.

In April 2012, Persaud took over Mahendran Nathan's responsibilites. Nathan left after two-and-a-half years as chief executive for Asean, Hong Kong, Taiwan and India. Persaud aimed to help develop Russell Investment into a one-stop shop for consulting, allocations, research and data.

Persaud previously spent three years at Prudential Asset Management from December 2007 through to December 2010 as head of investment risk in Singapore. (The unit was rebranded Eastspring Investments in early 2012).

Before that, Persaud held similar management positions at UK-based asset management firm Insight Investment, Morgan Stanley and Schroders, according to his LinkedIn profile. He also worked at MSCI, where he helped develop their hedge fund indices.