Zurich Financial Services (Zurich) has hired Mercer Investment Consulting to review its managed funds products.
The decision to review was taken after Deutsche Asset Management's (DeAM) recent sale of its Australian funds management division to Aberdeen Asset Management (Aberdeen).
The sale means that Zurich's domestic fixed income and Australian equities funds will be managed by Aberdeen, but only if Zurich approves.
"The announcement by DeAM gives Zurich the opportunity to seek and appoint the best and brightest fund managers the market has to offer," Zurich's Director of Investments in Australia Matthew Drennan said.
"The Zurich diversified product series has an exceptionally long track record spanning over 25 years and is well recognised and regarded in the market. Mercer's brief is to ensure we continue this tradition."
Aberdeen will be amongst a number of managers included in the review.
