Queensland-based local government focused industry fund, LGIA Super has changed asset consultants – choosing JANA to replace Willis Towers Watson.
The decision to choose JANA ended the fund’s 17-year relationship with Willis Towers Watson.
Confirming the move, LGIA Super chief executive, Kate Farrar said the appointment reflected JANA’s deep understanding of members’ needs.
“As a boutique fund, LGIA Super appeals strongly to high value members starting to think about retirement and wanting confidence that their fund’s investment strategy is going to protect them from market downturns, while taking advantage of the considerable growth opportunities in the mid-market,” she said.
The selection of JANA followed a competitive tender process.
The two funds have announced the signing of a non-binding MOU to explore a potential merger.
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