Mercer has announced that $17 billion industry super fund Sunsuper has retained Mercer as its investment consultant for the next three years.
Sunsuper, which appointed Mercer as its investment consultant in June 2008, has recently renegotiated a three year contract that includes a tailored set of investment services including strategic asset allocation, portfolio construction, boutique manager research and investment operations consulting.
David Hartley, CIO at Sunsuper said Mercer’s global resources and specialist expertise in global manager and strategy research plays an important role for Sunsuper’s 1.1 million members.
“Mercer’s specialist knowledge across a broad range of areas complements Sunsuper’s in-house investment team. The research insights that come out of the interaction between Sunsuper’s 15 Sydney based investment professionals and Mercer’s asset class boutiques have helped us to identify opportunities and respond to changing market conditions,” said Mr Hartley.
“Mercer’s ability and willingness to tailor services for Sunsuper is the way of the future for consulting firms as they seek to provide services to internal teams that are growing and becoming more sophisticated”, Mr Hartley added.
Graeme Mather, Business Leader for Mercer’s Investment Consulting business in Australia and New Zealand said the firm is delighted at the extension of the successful partnership with Sunsuper.
“The re-appointment reinforces Mercer’s ability to deliver deep, specialist expertise that provides clients with the resources they need to enhance their investment strategies and operations.
“Our business has been evolving for several years in recognition of a growing client call for niche and deep advice across asset classes and also per industry sector. We have been building on our specialist frameworks, created to service clients more efficiently and to provide them access to greater insight.
“In the past couple of years we have also introduced global alternatives, equities, bonds and real estate boutiques to integrate more seamlessly our consulting and research capabilities to provide leading, tailored strategic and implementation advice per asset class.
“Increasingly clients are looking to leverage these now well-established specialist ‘smart’ capabilities. We are pleased to have renewed contracts or expanded business relationships with 17 clients this year based on superior access to research via our boutiques and our ability to deliver a full complement of specialised advice including Responsible Investment, the operational services of Mercer Sentinel and dynamic asset allocation advice in relation to capital markets.”
Mr Mather also said that the positive expansion of Mercer’s Investment Consulting business had led to several new appointments, bringing the total number of investment consulting staff in Australia to 107.
“We’re positioned for growth across the spectrum of the investment consulting business to service all our clients at the highest level, placing them competitively for the future with innovative and ‘future-focused’ investment solutions. To this end, we will be continuing our recruitment program during the remainder of the year.”
Mercer’s new investment consulting appointments include:
- Andrew Liddell has been appointed as Head of Technical Products and Services (TPS) for Australia and New Zealand. Andrew’s previous role was Head of Technology at Van Eyk
- Claire Tan joins Mercer from Victorian Funds Management Corporation as an analyst to support the TPS team
- Paddy Brown joins Mercer’s global real estate boutique as a Senior Real Estate Consultant based in Sydney. Paddy was previously at BlackRock in London
- Jennifer Hague has joined Mercer Sentinel, focusing on transition management
- Phil Parkinson has transferred from Mercer’s London office to Sydney as a senior analyst
- Sarah Porter has joined the business development team to support the retail clients
- Anusha Dupagunta has joined the Manager Research team as an analyst
Mercer is a global leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and performance of their most vital asset – their people. Mercer’s 20,000 employees are based in 43 countries and the firm operates in over 140 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. With 55,000 employees worldwide and annual revenue exceeding $12 billion, Marsh & McLennan Companies is also the parent company of Marsh, a global leader in insurance broking and risk management; Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a global leader in management consulting. Follow Mercer on Twitter @MercerAU @MercerInsights