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HESTA and Mercy Super complete fund merger
Hesta has completed its merger with Mercy Super with 13,000 members moving to Hesta.
This brought total funds under management to almost $70 billion.
Hesta CEO, Debby Blakey, said: “It’s fantastic that this merger continues to build on HESTA’s strong growth, and I’d like to take this opportunity to welcome Mercy Super members who can be assured they continue to be in a top-performing fund.
“We’re honoured to continue the legacy Mercy Super has built as we share a long-term focus and commitment to delivering better retirement outcomes for all our members.”
The merger, which took eight months to complete, would see Mercy Super’s employees join Hesta and the retention of an on-site location at Mater’s South Brisbane Hospital to provide support for members.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
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