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Administration August 12, 2002
Russell Mellon Analytical Dons New CAPS
December 20, 2001 (PLANSPONSOR.com) - 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.
Reported by Camilla Klein
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.