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Russell Investment Group – Zurich Investment Management

Waiver
Approved

Stage

Waiver application

Waiver Application Date

19/02/2026

Determination Published

12/03/2026 (21 cal / 14 bus. days)

Determination

Approved

Acquirers

RUSSELL INVESTMENT GROUP PTY LTD

ABN: 92 003 066 859

Targets

ZURICH INVESTMENT MANAGEMENT LIMITED

ABN: 56 063 278 400

Other parties

Zurich Insurance Group Ltd

Description

Russell Investment Group Pty Ltd (Russell) proposes to acquire 100 per cent of the issued and outstanding shares of Zurich Investment Management Limited (Zurich) through a share sale agreement (the Acquisition).

Russell provides investment and asset management services in Australia.

Zurich is an Australian incorporated member of the global Zurich Insurance Group. The ultimate holding company is Zurich Insurance Group Ltd (incorporated in Switzerland). Zurich provides managed fund solutions to Australian investors. The Acquisition only relates to Zurich, rather than the broader Zurich Insurance Group.

Both Russell and Zurich supply investment and asset management services in Australia, including issuing interests in Australian and global equities funds, property securities funds, fixed interest funds, diversified or multi-asset funds and cash funds to Australian investors.

Timeline & Events

  • Waiver application determination: Approved

    12/03/2026

  • Merger notified to ACCC

    19/02/2026