State Super Financial Services (SSFS) has appointed Mercer as their new asset consultant. The partnership will see Mercer working with the fund to further enhance investment performance, deliver innovation through its diversified funds and continue to create optimal solutions for retiree members.
Damian Graham, CIO of SSFS said Mercer’s global resources and specialist model will provide the perfect 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,” said Mr Graham.
Mercer Partner, Graeme Mather, said Mercer’s deep, specialist expertise complements an experienced investment management team at SSFS and the partnership is a great cultural fit between the two organisations.
“Australian investors, particularly those with in-house investment teams, are increasingly looking to Mercer’s specialist teams to supplement their internal capabilities - our clients and staff have truly embraced the specialist model.
“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.
“We’re positioned well for growth and to continue to service our clients with innovative and ‘future-focused’ investment solutions.
“In addition, the positive expansion of Mercer’s Investment business had led to several new professional appointments, bringing the total number of investment staff in Australia to 130,” Mr Mather said.
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