Wall Street’s next prize is trillion-dollar Australian pension pot

Wall Street’s next prize is trillion-dollar Australian pension pot
(Image: Bloomberg)
Bloomberg
By Richard Henderson and Amy BainbridgeMorgan 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 (NZ$3.82 trillion) pensions industry. The big attraction: inflows of more than A$1 billion a week that need to find an investment destination.As the guardians of the country’s r...

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