Mercer has won a five-year mandate to provide Nationwide Superannuation Fund with a comprehensive investment consulting retainer service.
Following a competitive tender process, Mercer was selected based on the strength of its team, reputation for leading edge research and its ability to offer a flexible suite of investment services, Nationwide Super’s fund secretary Ian Morante said.
“Mercer demonstrated they could provide specialist investment advice across a range of asset classes delivered through a combination of traditional and/or implemented solutions, which aligns with Nationwide Super’s vision for serving its members both now and into the future,” he said.
Mercer’s Investment Consulting business leader in Australia/New Zealand Graeme Mather said the win demonstrated the relevance of Mercer’s service offering to the industry fund sector.
“We look forward to creating a fruitful partnership with a key industry fund in Nationwide,” he said.
“We are continuing to strengthen our team and plan to add to the 120 staff we already have in the investment business in Australia, thus we are well placed to provide a premium service to our clients.
“In addition, we continue to enhance the capability of our global manager research boutiques to streamline the integration of our advice and research solutions and ability to provide proactive, leading edge investment advice.”
Nationwide Super has approximately $380 million in funds under management and 86,000 members.
