WA Super has appointed Towers Watson as asset consultant of its $2 billion investment portfolio for a three year initial term.
The Perth based fund said Towers Watson was selected because of its breadth and depth of global research, the strength of its investment beliefs and investment strategy formulation process, as well as its innovation and thought leadership.
WA Super previously used boutique advisory firm CPG Research & Advisory as its consultant.
John McNally, chief executive of WA Super, said: “We chose Towers Watson as the most suitable partner to provide investment consulting given their global research coverage.”
Towers Watson’s investment team provides advice to more than 1,000 institutional investors globally, with assets in excess of $2 trillion.
Graeme Miller, head of Towers Watson’s investment business in Australia, said: “As the largest public offer superannuation fund in Western Australia and one whose approach is focussed on making a real difference to the lives of its members in retirement, there is a strong cultural and philosophical alignment between Towers Watson and WA Super.”