Wall Street’s Next Prize Is a $2 Trillion Australia Pension Pot

Pension giants reap more than A$1 billion of inflows a week
They’re joining more global funds in private market deals

WATCH: Wall Street is increasingly eyeing Australia’s multi-trillion-dollar pensions industry, which is reaping over A$1 billion of inflows every week. Amy Bainbridge reports.Source: Bloomberg

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By Richard Henderson and Amy Bainbridge

July 24, 2023 at 10:30 PM UTC

This article is for subscribers only.

Morgan Stanley chief James Gorman has been tapping his Australian roots to access one of the world’s fastest-growing corners of global capital.

The bank’s Melbourne-born boss is one of a string of executives from Wall Street and beyond doing more business with the largest players in Australia’s A$3.5 trillion ($2.4 trillion) pensions industry. The big attraction: inflows of more than A$1 billion a week that need to find an investment destination.