ANZ Investments links up with Mercer; CIO leaving
ANZ Investments has deals to work with global asset managers Mercer and BlackRock, as it moves to evolve and grow its business.
Its arrangements with Mercer are intended to leverage the firm's global expertise in investments and investment governance. Meanwhile the deal with BlackRock includes "the provision of risk management services to support portfolio resilience. BlackRock offers global investment expertise across risk management and innovative investment portfolio solutions."
BlackRock provides similar services to ASB and AMP in New Zealand.
ANZ Funds Management, managing director Fiona Mackenzie, says the memorandum of understandings are "a development which proposes to leverage ANZ Investments’ local expertise with Mercer’s global capability and scale for the benefit of customers."
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