Asset Super chief executive John Paul announced the awarding of the mandate this week and said the Mercer bid had proved the most competitive and most closely matched Asset’s needs.
Mercer succeeds Intech in providing asset consulting advice to Asset Super.
Paul said Intech had provided asset consultancy services to the fund for the past seven years under an initial three-year contract, which had been extended twice.
He said despite a long relationship with Intech, it was felt appropriate to test the market.
