ANZ goes with BlackRock

ANZ Investments has confirmed a partnership with BlackRock Investment Management, where the company will provide investment risk management and reporting services to ANZ Investments, along with access to its global risk and investment insights.

ANZ managing director of Funds Management Fiona Mackenzie said this arrangement will "further improving investment outcomes for our KiwiSaver and managed fund customers."

“ANZ Investments remains committed to active investment and will continue to take the lead on investment decisions and select the assets we believe will perform strongly over the long term.”

Mackenzie said access to BlackRock’s global insights will boost the decisions made by our Investment team.

“As the country’s largest KiwiSaver provider, we are always looking for new ways to meet the changing needs of our 650,000 customers.

“They have a diverse range of goals, including saving for a first home, growing investment balances, improving their financial wellbeing or enjoying life after 65.”

ANZ Investments will use risk insights from BlackRock’s Aladdin technology platform to identify and manage investment risk within its investment portfolios.

Under the oversight of the ANZ Investments’ team, BlackRock will also manage the implementation of portfolio cashflow, foreign currency hedging and rebalancing. The accountability for these services and the overall performance outcomes continues to sit with the ANZ Investments team.

Jason Collins, Head of Australasia at BlackRock, said, “The partnership is centered on assisting ANZ’s Investment team in improving overall portfolio resilience to deliver stronger investment outcomes for its customers.”