No deal between ANZ Investments and Mercer

The companies last year signed a non-binding memorandum of understanding to work together, with ANZ Investments intending to leverage Mercer’s global expertise in investments and investment governance.

A spokesperson for ANZ Investments confirmed the Mercer deal will not go ahead.

“We have decided not to proceed with an investment partnership with Mercer, having agreed with Mercer the partnership would not achieve its expected goals.

“We continue to explore other potential partnerships, and deepening our relationships with existing external investment managers, to help us deliver good investment outcomes for our customers.”