Australia’s $198 Billion Pension Plans London Spending Spree
- AustralianSuper plans to boost London staff to 300 by 2030
- CEO says hires are sign of their confidence in London
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Australia’s biggest pension fund plans to invest billions of pounds in the UK and Europe and is readying for a hiring spree in London.
The £155 billion ($198 billion) AustralianSuper fund, which has invested in Heathrow Airport and the redevelopment of King’s Cross, plans to manage around 25% of its assets out of London by 2030, Chief Executive Officer Paul Schroder said in an interview.