Mercer will provide a comprehensive investment consulting retainer service to $380 million superannuation fund Nationwide Super in a five-year agreement.
The decision to appoint Mercer was based on the strength of its investment team, its reputation for leading-edge research and its ability to offer a flexible suite of investment service, according to Nationwide Super Fund secretary Ian Morante.
“Mercer demonstrated that they could provide specialist investment advice across a range of asset classes delivered through a combination of traditional and/or implemented solutions,” Morante said.
Graeme Mather, business leader for Mercer’s Investment Consulting business in Australia and New Zealand, said the appointment demonstrated the relevance of Mercer’s service offering to the industry fund sector.
“We are continuing to strengthen our team and plan to add to the 120 staff we already have in the investment business in Australia,” he said.
Mather said Mercer was working on enhancing the capability of its global manager research boutiques to streamline the integration of its advice and research solutions.
The appointment comes one week after Media Super announced it had appointed Mercer to provide outsourced administration and member services in a five-year contract.
