Industry Funds Management rebrands as IFM Investors
Industry Funds Management, which provides investment services for a number of large industry superannuation funds, has changed its name to IFM Investors (IFMI) claiming the new name is a better representation of its work and customers.
The rebranding of IFM follows on from the Industry Super Network rebranding to Industry Super Australia.
IFMI chief executive Brett Himbury said the investment strategy would remain unchanged as would the focus on institutional investment management.
Himbury said the group would continue to grow its investment capability and internal functions and would also continue to offer investment services to overseas pension funds.
"IFM Investors is a great Australian success story and increasingly an interesting export proposition for the nation. Our shareholders had the foresight to establish a unique investor-owned model that has grown into a global company while maintaining its core purpose and values," Himbury said.
IFM's rebranding follows that of Industry Super Network to Industry Super Australia recently. It continues the trend of industry fund-related entities broadening their appeal and services to a wider audience. Recent examples includes Cbus signing a referral deal with the Financial Planning Association, Catholic Super offering direct equities investments via Lonsec and Telstra Super offering direct access to term deposits in conjunction with UBS.
IFMI was set up 20 years ago and is currently owned by 30 industry superannuation funds. It has $48 billion in funds under management invested in infrastructure, debt, equities and private capital on behalf of five million Australian superannuation fund members.
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