Based in New York, Eng will oversee solutions for institutional defined contribution (DC) plan sponsors. Eng reports to Richard Davies, Managing Director, Defined Contribution, Americas Institutional (see “Russell Appoints Head of DC Business“).
In conjunction with Russell’s team of DC consultants and investment management experts, Eng will work with DC plan sponsors to help them incorporate distribution strategies into target-date fund (TDF) solutions and to manage operational and compliance-related implementation challenges. This includes working with institutional clients on custom TDF solutions. He will be an active contributor to Russell’s retirement income-focused research—developed for the firm’s institutional and adviser clients—on the efficacy of various annuitization and managed distribution approaches.Most recently, Eng worked at AllianceBernstein, where he served as Vice President and Product Director of Defined Contribution Investments. Prior to that role, he was a Principal Consultant at Context Integration and a Project Manager and Business Analyst supporting J.P. Morgan’s credit derivatives trading desk. He has experience with annuity product design; insurer investment preferences and risk management practices; and a strong background in navigating the operational issues and legal/regulatory requirements for in-plan guarantees.