ANZ Investments has officially partnered with BlackRock Investment Management (Australia).
BlackRock will provide risk management, reporting services, and access to global market insights, enhancing ANZ Investments’ approach to managing KiwiSaver and other managed funds.
Fiona Mackenzie (pictured above), ANZ managing director of funds management, emphasised the positive impact of the partnership: “We’re excited to announce this partnership which is all about further improving investment outcomes for our KiwiSaver and managed fund customers,” Mackenzie said.
She offered assurances that ANZ will maintain its investment strategy and continue making key asset selection decisions.
The partnership will give ANZ access to BlackRock’s global insights through its Aladdin technology platform, which will support risk management within ANZ’s investment portfolios.
Mackenzie highlighted the benefits, saying, “As the country’s largest KiwiSaver provider, we are always looking for new ways to meet the changing needs of our 650,000 customers.”
George Crosby, ANZ Investments’ chief investment officer, noted that the partnership brings an extra layer of expertise to the decision-making process.
BlackRock will assist with cashflow management, currency hedging, and portfolio rebalancing, but accountability for performance remains with the ANZ Investments team.
BlackRock’s Jason Collins (pictured above right), head of Australasia, expressed enthusiasm for the partnership.
“We look forward to supporting the team at ANZ Investments by providing risk analytics, portfolio completion and technology services,” Collins said. “The partnership is centered on assisting ANZ’s Investment team in improving overall portfolio resilience to deliver stronger investment outcomes for its customers.”
Prior to this news, ANZ announced the launch of the inaugural ANZ-PBA Partnering Award and its official acquisition of Suncorp Group’s banking arm.
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