Global asset management firm Russell Investments has appointed Riccardo Stucchi as managing director, head of France in a move aimed at boosting the firm's business growth in the country.
Stucchi, who will be based in Paris, will be responsible for driving the business strategy in France, across the retail and institutional markets.
He is succeeding Michael Sfez, who has left the firm to pursue other personal interests, the company said in a statement.
With almost 25 years' experience in the industry, Stucchi joins from BlackRock Paris, where he was head of Financial Institutions Group Business Development for France, Belgium and Luxembourg. At his new role, he will report to Joe Linhares, head of EMEA at Russell Investments.
Joe Linhares said: "Riccardo has a strong track record of leading teams in Europe and extensive experience of the French market. He brings a wealth of business development expertise, coupled with a strong investment background.
"His experience will be invaluable as we continue to develop outcome-based solutions and services for institutional investors, financial intermediaries and the clients they serve."
Stucchi added: "Russell Investments has a proven track record of helping investors reach their investment objectives, through its range of multi-asset solutions, backed by its extensive manager capabilities, and its investment services. I look forward to working with the team to further development and offering in France."
Russell Investments offers investment solutions in 31 countries and managed €262.57bn (£234bn) in assets as of 30 June 2019.