The $300 billion profit-to-member fund has linked up with Oxford Properties for a portfolio of high-quality European industrial and logistics assets that it wants to expand significantly over the next three to five years.
Australia’s megafunds are looking to international asset owners for ideas on how to invest what will soon be trillions in retirement savings. But banks – with their sharp focus on efficient implementation and balance sheet management – could also be a source of inspiration.
Milliman recruits head of consulting services
(pictured: Kevin Moloney)
Milliman, the actuarial consulting firm, has hired former Telstra Super and Energy Super executive Kevin Moloney as ‘head of consulting services’.
Moloney, who reports to Wade Matterson, Milliman’s superannuation practice leader, will enhance Milliman’s capabilities across marketing and member analytics, financial advice, and retirement solutions, the firm said last week.
Prior to his recent roles at Telstra Super and Energy Super, Moloney was a principal consultant at Mercer within the superannuation and market development business.
Wade Matterson said: “The experience Kevin brings to our business will support us through a period of growth. His broad industry experience, across retirement products, marketing and distribution strategy will serve us well as we continue to expand the depth of our relationships with Australian clients…
“We are seeing an increasing desire from our industry fund partners to assist as they deal with a rapidly changing environment. Funds are dealing with simultaneous challenges across financial advice, engagement and retirement solutions, and consulting organisations are increasingly required to offer an integrated range of services.”
