POWERED BY MOMENTUM MEDIA
Tech Mahindra wins LGIAsuper’s admin contract
Indian-based technology firm, Tech Mahindra, has secured the mandate for LGIAsuper’s administration services, representing a major step in the company’s foray into the Australian market.
The super fund’s decision followed a competitive tender process, with the deal with Tech Mahindra expected to provide significant savings for members by halving the annual costs of providing administration from 2021.
LGIAsuper chief executive, Kate Farrar, noted that Tech Mahindra also had a large local presence, with more than 180 staff employed in Queensland and established partnerships with companies in the region.
The new partnership would take effect from 1 November, this year.
Recommended for you
Australian Ethical has named its new head of equities, who previously spent 12 years at Perpetual.
The country’s sovereign wealth fund has unveiled a flurry of changes to its leadership team, including the appointment of a key executive role.
With Damian Graham stepping into a new capacity within the $190 billion super fund ahead of his retirement, a global search is set to commence for his replacement.
Cbus has swiftly promoted Leigh Gavin to chief investment officer only months after naming him deputy, as the fund works towards growing in size and bringing its investment expertise in-house.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom 465 Calder Road Calder
99.46 3 y p.a(%)
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
78.55 3 y p.a(%)
4
BetaShares Crypto Innovators ETF
50.39 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
47.50 3 y p.a(%)
