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Contact: Mercer Feedback

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Australia
Melbourne, 13 July 2010

Nationwide Superannuation Fund has awarded Mercer a five year contract to provide a comprehensive investment consulting retainer service following a competitive tender process.

Nationwide Super is a Newcastle-based multi-employer fund with approximately $380 million in funds under management and 86,000 members.

Nationwide Super’s Fund Secretary, Mr Ian Morante, was impressed by Mercer’s understanding and appreciation of the opportunities and challenges that Nationwide faced. He said that Mercer was selected based on the strength of their team, reputation for leading edge research and ability to offer a flexible suite of investment services.

“Mercer demonstrated that 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.

Graeme Mather, Business Leader for Mercer’s Investment Consulting business in Australia/New Zealand, said he was delighted with Mercer’s appointment by Nationwide Super.

“This win demonstrates the relevance of Mercer’s service offering to the industry fund sector and we look forward to creating a fruitful partnership with a key industry fund in Nationwide.

“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,” Mr Mather said.

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Contact: Mercer Feedback