London Stock Exchange Group (LSEG), following satisfactory completion of all outstanding conditions, has completed its acquisition of Frank Russell Company (Russell).

As previously announced, the comprehensive review of Russell’s investment management business is making good progress and is on track to be completed early in 2015.

Xavier Rolet, Chief Executive of LSEG, says: "Today marks a significant step for the Group. Russell significantly enhances LSEG's presence in the US, the world's largest global financial services market, further expanding our global footprint and diversifying our customer and product base. We are delighted today to welcome Russell to the Group, and we are looking forward to working with new colleagues, new customers and new partners around the world".