State Super Financial Services (SSFS) has appointed Mercer its new asset consultant to replace Russell Investments.
SSFS chief investment officer Damian Graham said Mercer’s global resources and specialist model would provide the best extension to the SSFS in-house team.
“Mercer’s specialist knowledge across a broad range of areas will complement our existing capabilities and we are confident Mercer can deliver additional specialist services when and where required to ensure the best investment outcomes for our investors,” Graham said.
Mercer partner Graeme Mather claimed in-house investment teams were particularly interested in Mercer’s specialist team to supplement internal capabilities.
“Fifteen of the 20 largest institutional investors in Australia now work with Mercer’s Investments business in some way; whether accessing our global manager research and asset class expertise, asset allocation advice, or seeking our help to manage investment operational or ESG risks,” he said.
“We’re positioned well for growth and to continue to service our clients with innovative and ‘future-focused’ investment solutions.”
He said Mercer had been building out its investment staff, which had now reached 130 in Australia.
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