merger

Unintentional

Case study: reflections on a merger

The key players in the merger between AGEST and AustralianSuper revealed some of the secrets of the deal to delegates. AustralianSuper took four years to earn back the $11 million costs of its merger with AGEST it was revealed in a session entitled ‘To Merge or Not To Merge’ at CMSF 2015. The figure was […]
Investment Strategy

Quadrant Super and Tasplan confirm $3bn merger

Wayne Davey, the current chief executive of Quadrant, has been chosen to lead the merged operations of Tasplan and Quadrant super funds from November 2015. The new board will be chaired by Naomi Edwards, the current chair of Tasplan, while the current chief executive of Tasplan, Neil Cassidy will retire on that date. Four current […]

At the helm – a profile of Tasplan chair Naomi Edwards

Size isn’t everything when it comes to delivering the best service to members, believes Naomi Edwards, chair of the $2.1 billion Tasplan fund. “We don’t accept that the sweet spot for super funds is over $10 billion,” she says. “We think that you can run super funds well for less than that if you’ve got […]
Investment Strategy

Tasmania super merger edges closer

The first stage in the potential merger of all three prominent Tasmanian based superannuation funds drew a step closer after Quadrant and Tasplan agreed merger talks. The two funds are to enter into a Heads of Agreement to investigate whether a merger would create an improved provision of superannuation services to the members and employers […]
Investment Strategy

Prime Super and HIP to merge

Prime Super and Health Industry Plan (HIP) have announced an intention to merge in order to create a combined fund of $2.4 billion in assets and 150,000 members. The new fund will be known as Prime Super, it will be headquartered in Melbourne and will go live on May 1st. The deal has taken a […]
Investment Strategy

Sunsuper: “time to renew”

The next chief executive of Sunsuper will have to handle the fund’s expected rapid growth, according to chair, Graham Heilbronn, who says projections show the fund growing from $24 billion to $40 billion in the next five years. The fund will be searching internally as well as externally for a new chief executive, with Heilbronn […]
Governance

AUST(Q) members’ interest led to merger

Minimum disruption for members was the guiding principle for AUST(Q) Super trustees when selecting AustralianSuper as their merger partner. The 19,000-member, $181-million Queensland-based fund has agreed in principal to a merger with Australian Super later this year after a 12-month process. One of the initial considerations of trustees was to retain its local base. “One […]
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