Business
First State to add $4b with WA Super merger – The Australian Financial Review
The two industry super funds have completed a four-month process of due diligence will proceed with the merger, which is expected to complete by November 30.
The combined entities, all of which have their genesis in managing the retirement funds of government and public service workers in their respective states, will have estimated combined assets of $129 billion.
They will rebrand under the banner of Aware Super in September.
Ms Stewart said that despite its NSW heritage, First State has had a “presence in Western Australia for some time” and will invest in the region, including the deployment of additional resources to the state’s member service…
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