media release
5 December 2022
The merger of HESTA and Mercy Super has been completed resulting in 13,000 Mercy Super members and their assets moving to HESTA, bringing total funds under management to almost $70 billion.
HESTA CEO Debby Blakey said the merger marked an important milestone for the Fund and its members.
“It’s fantastic that this merger continues to build on HESTA’s strong growth, and I’d like to take this opportunity to welcome Mercy Super members who can be assured they continue to be in a top performing fund, Ms Blakey said.
“We’re honoured to continue the legacy Mercy Super has built as we share a long-term focus and commitment to delivering better retirement outcomes for all our members.”
“It’s exciting that we’ve been able to deliver a smooth merger in just eight months, which has involved great collaboration with Mercy Super and HESTA colleagues across so many teams,” Ms Blakey said.
“It’s been an incredible effort and I want to thank Mercy Super CEO Wendy Tancred and all the team who’ve done an amazing job to ensure that members continue to receive outstanding service and help when they need it.”
HESTA continues to build on its strong presence in Queensland, with most of Mercy Super’s employees joining HESTA and the retention of the on-site location at Mater’s South Brisbane Hospital campus to continue providing on-the-ground support for members.
Ends.