Russell Investments will be responsible for the management of a majority of GTS’ $1.3 billion assets, across six asset classes: Australian shares, international shares, property, growth and defensive alternatives, fixed interest and cash.
“We undertook an extensive selection process involving rigorous due diligence; the appointment is aimed at delivering stronger investment performance for our 74,000 members," said GTS managing director Mario Pirone.
“We look forward to working collaboratively with our investment managers for the benefit of our members."
Mercer Investments will remain as the investment manager for GTS’s Australian direct property and unlisted infrastructure assets, GTS said.
Australian Unity hires former ANZ Wealth exec
First State Super announces new CEO
T Rowe Price appoints investment analyst
Corporate governance and advocacy in China
The shifting LIC landscape
The perils of chasing niche infrastructure