NU Online News Service, Aug. 31, 2004, 3:48 p.m. EDT
Frank Russell Company, Tacoma, Wash., has acquired a large human resources services operation in Australia from a unit of Towers Perrin L.P., New York.[@@]
Frank Russell, a subsidiary of Northwestern Mutual Life Insurance Company, Milwaukee, has been teaming up with Towers Perrin to run superannuation funds, or funds that manage government-mandated employer retirement savings contributions, for 3 years.
Frank Russell has about 70 employees in Sydney, Australia, and Towers Perrin has about 270 employees in Australia, Frank Russell says.