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11 September 2025 by Adrian Suljanovic

No bear market in sight for Aussie shares but banks face rotation risk

Australian equities are defying expectations, with resilient earnings, policy support and a shift away from bank dominance fuelling confidence that ...
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US funds drive steep outflows at GQG Partners

Outflows of US$1.4 billion from its US equity funds have contributed to GQG Partners reporting its highest monthly ...

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Super funds’ hedge moves point to early upside risk for AUD

Australian superannuation funds have slightly lifted their hedge ratios on international equities, reversing a ...

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Australia’s super giant goes big on impact: $2bn and counting

Australia’s second largest super fund is prioritising impact investing with a $2 billion commitment, targeting assets ...

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Over half of Australian funds have closed in 15 years, A-REITs hit hardest

Over half of Australian investment funds available 15 years ago have either merged or closed, with Australian equity ...

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Are big banks entering a new cost-control cycle?

Australia’s biggest banks have axed thousands of jobs despite reporting record profits over the year, fuelling concerns ...

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Mercer gears up for growth

  •  
By Alice Uribe
  •  
4 minute read

Mercer plans to hire nearly 90 new staff in its outsourcing business, focussing on sales, operations and member services staff.

Mercer plans to hire nearly 90 staff during 2009, bucking the trend towards hiring freezes and redundancies in the financial sector.

According to Mercer Asia Pacific outsourcing business leader David Anderson, the new hirings will be made across all parts of the Mercer outsourcing business, with an emphasis on sales, operations and member services.

"The underlying message for Mercer is growth and last time I checked it was hard to grow unless you have good quality sales professionals working on your team and that's what we're adding," Anderson said.

During 2009 Mercer hopes to expand their multi-employer industry plans and corporate master trust businesses

 
 

Anderson said there were plans to appoint two senior sales professional within the next six weeks.

"In one case we have a verbal agreement and in the other we're working towards that contract," Anderson said.

In November, Mercer appointed Heather Dawson as outsourcing sales leader for Australia and Alex Kleiman as outsourcing sales and marketing manager for multi-employer (industry) plans.

"Mercers appointment of such experienced business development executives will accelerate our growth in this exciting and increasingly important market segment," Anderson said.

Mercer's outsourcing business has $40 billion in funds under administration and provides services to 650,000 super members and 20,000 private clients.