Russell Investments Selects ACA Group’s ComplianceAlpha to Modernize Their Risk and Compliance Program from a Single Platform

Author

ACA Group

Publish Date

Type

News

Topics

  • ComplianceAlpha
  • Regulatory Technology
  • ACA News

ACA Group (ACA), the leading governance, risk, and compliance (GRC) advisor in financial services, today announced that Russell Investments has selected ACA’s ComplianceAlpha® to help modernize and streamline their compliance program.

Patrick Conroy, Managing Director, Regulatory Technology at ACA, said: “Many investment management firms have multiple systems and data sources that don’t communicate with each other. In today’s world of progressive regulatory change and the ensuing demand for better transparency, compliance officers need to be able to see key trends and risks across the enterprise.”

Russell Investments was in search of a technology solution that could bring together their compliance data, activities, and reporting in one scalable, flexible platform. ComplianceAlpha met this need by enabling the firm to move from disparate systems to a centralized hub that provides harmonization, transparency, and standardization across their global compliance program while reducing costs across the firm. Russell Investments uses ComplianceAlpha’s solutions for employee compliance, market abuse surveillance, compliance program management, and marketing reviews.

Andra Purkalitis, Global Chief Compliance Officer at Russell Investments, said: “ACA has helped us improve our compliance program through the use of sophisticated technology and increased economies of scale, efficiencies, and standardization. ComplianceAlpha has enabled us to build a progressive compliance function that positions compliance as a competitive advantage. We believe this will help us win and retain business as new and existing clients increasingly focus on compliance oversight.”

Conroy continued: “ComplianceAlpha provides a single source of truth that enables compliance officers to have a unified view of risk and opportunity across the firm. ComplianceAlpha has helped Russell Investments modernize and simplify their compliance program in a way that allows them to meet regulatory expectations while adhering to industry best practices.”

For Further Information

ACA Group - U.S.
Krissy Kennedy, Managing Director of Marketing
[email protected]
+1 (857) 214-1740

ACA Group - Europe
Gobnait Will, Senior Marketing Manager
[email protected]
+44 (0)7825 943522

Russell Investments
[email protected]
+1 (206) 505-1858

About ComplianceAlpha

ComplianceAlpha is ACA’s award-winning regulatory technology platform that integrates risk and compliance activities, automated surveillance, ongoing monitoring, flexible workflows, enhanced analytics, and managed services delivery. ComplianceAlpha is used by 800 leading financial services firms worldwide to build more scalable and resilient compliance programs.

ComplianceAlpha is designed, developed, and supported by ACA’s experienced team that includes over 200 former regulators and compliance officers in addition to subject matter experts in cybersecurity and technology. We work closely as a team to develop and deliver valuable and timely solutions to our clients’ most pressing challenges.

Request a demo

About ACA Group

ACA Group (ACA) is the leading governance, risk, and compliance (GRC) advisor in financial services. We empower our clients to reimagine GRC and protect and grow their business. Our innovative approach integrates consulting, managed services, and our ComplianceAlpha® technology platform with the specialized expertise of former regulators and practitioners and our deep understanding of the global regulatory landscape.

For more information, visit www.acaglobal.com.

About Russell Investments

Russell Investments is a leading global investment firm providing tailored solutions and services to institutions and individuals through financial intermediaries. Russell Investments is dedicated to improving people’s financial security, leveraging an 84-year client-centric heritage rooted in investment innovation. Since 1985, for example, with the launch of our first tax-exempt bond fund, the firm has been helping investors grow after-tax wealth. Russell Investments is the fifth-largest adviser globally with $323.7 billion in assets under management (as of 12/31/2020) and $2.5 trillion in assets under advisement (as of 6/30/2020) for clients in 32 countries. Headquartered in Seattle, Washington, Russell Investments operates through 18 additional offices in major financial centers such as New York, London, Tokyo and Shanghai.