The $74 billion fund has welcomed an experienced CIO to lead its investment strategy.
Mercer has announced that Graeme Miller will be stepping into the newly created role of chief investment officer (CIO) for Mercer Super.
Miller is expected to commence in the second quarter of 2025 and will be based in Melbourne.
On Thursday, Mercer confirmed that, in his new capacity, he will be focused on Mercer Super’s investment options, including investment strategy design and the delivery of strong investment performance.
Miller joins the fund from TelstraSuper, where he has served as its CIO since 2016. He is also a director at the Australian Council of Superannuation Investors.
However, the experienced CIO began his career at Mercer as an actuarial graduate and later became a senior consulting actuary with the company.
Commenting on the announcement, Mercer’s Pacific CIO, Kylie Willment, said: “Graeme is an investment leader of the highest quality with decades of experience in managing and advising on retirement assets.
“With Graeme as part of the team, harnessing the deep expertise of Mercer’s 3,000-strong global team of investment professionals, we believe Mercer Super is well-placed to deliver the best possible retirement outcomes for members.”
Mercer Super’s chief executive, Claire Ross, added that Miller’s appointment reflects the fund’s position and future in the super sector.
“The board and I are delighted that Graeme will be joining us. Mercer Super is now a $74 billion fund, helping more than 1 million members build confidence in their retirement,” the CEO said.
“Having a CIO of Graeme’s calibre dedicated to the investment outcomes of our members’ portfolios will help further our position among Australia’s best super funds.”
In conversation with Super Review last year, Darren Spencer, Mercer’s lead investment director, Pacific, highlighted the key areas where the super fund is uncovering opportunities, with a focus on Australian government bonds and real estate investments.
“An example of how we are expressing our current portfolio views is through the lens of Australian government bonds. While our international fixed interest portfolio has benefited from falling interest rates and moderating inflation, we think the setup for Australian government bonds is appealing at this time,” Spencer said in October.
“We are also investing in companies whose earnings are likely to be driven by structural trends, such as artificial intelligence, the demand for power, and reshoring of supply chains. These themes are at the intersection of digitisation of the global economy, the rise of AI, and deglobalisation, which we expect will play out over the coming decades.”
