Victoria’s local government super fund, Vision Super, has met with consultants hopeful of unseating Frontier Investment Consulting, whose latest contract in its long-running relationship with the $4 billion fund expired last month.
Rob Brooks, chief executive of the $4 billion fund, confirmed an external asset consultant tender was underway – “as with any normal governance process when a major appointment has come to the end of its term”. However, he declined to comment on which consultants were being considered, or which one is likely to get the tick. “We have invited a number of suitable candidates to lodge their interest. We haven’t taken a decision yet,” Brooks said. I&T News understands meetings with both JANA and Watson Wyatt were held last week. Brooks said a final decision would be made at the end of August at the next Vision Super board meeting.
The $320 billion Australian Retirement Trust (ART) plans to double the size of its team in London by the end of the year. Michael Weaver, ART general manager of mid-risk assets and UK, says its approach will be low-key, hiring locally can be prohibitively expensive, and the cultural fit of staff located in a far-flung office is as important as the talent they bring.
Simon HoyleMay 16, 2025
