As client demand for digital communication and transactions has risen, so too has the compliance risk. Qumram mitigates this risk at Russell Investments by recording and retaining all digital interactions on the firm’s corporate website in real-time, in accordance with global regulatory requirements.
“We are excited and honored that a U.S.-headquartered asset manager as successful and highly regarded as Russell Investments has entrusted the compliance of their digital business to Qumram,” said Patrick Barnert, CEO at Qumram. “Since 2011, we have been helping enterprise firms in heavily regulated industry sectors embrace digital business, while safeguarding against non-compliance. We are delighted to be partnering with Russell Investments to achieve that goal.”
Increasingly, regulation is focusing on digital record-keeping to ensure consumer protection in financial services. Most, including US SEC 17a-4, and MIFID II in Europe, require 100 percent capture and retention of all digital interactions, and immediate access to them, for a period of up to seven years. Since websites generate highly personalized, user-specific content and data, with a proper digital record-keeping tool like Qumram, companies can capture a complete view of every digital interaction—serving their clients’ needs, while also remaining compliant.
About Russell Investments Russell Investments, a global asset manager, is one of only a few firms that offers actively managed multi-asset portfolios and services which include advice, investments and implementation. Russell Investments stands with institutional investors, financial advisors and individuals working with their advisors—using the firm’s core capabilities that extend across capital market insights, manager research, asset allocation, portfolio implementation and factor exposures to help each achieve their desired investment outcomes.
Russell Investments has more than $244 billion in assets under management (as of 6/30/2016) and works with more than 2,500 institutional clients, independent distribution partners and individual investors globally. As a consultant to some of the largest pools of capital in the world, Russell Investments has $2.2 trillion in assets under advisement (as of 6/30/2015). The firm has four decades of experience researching and selecting investment managers and meets annually with more than 2,200 managers around the world. Russell Investments also traded more than $2 trillion in 2015 through its implementation services business.
Headquartered in Seattle, Washington, Russell Investments operates globally, including through its offices in Seattle, New York, London, Paris, Amsterdam, Milan, Dubai, Sydney, Melbourne, Auckland, Seoul, Tokyo, Shanghai, Beijing, Toronto, Chicago and Milwaukee.