Chanticleer

How big super became the corporate enforcer

Few could’ve predicted who would be enforcing standards in corporate Australia in 2024. It’s all about the weight of money.

Oct 29, 2024 – 4.33pm

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Go back a decade, it was easy to see how big super would grow to dominate Australian financial markets and M&A. Pioneering UniSuper and First State (now Aware Super) were underwriting equity capital markets deals, while their asset managers IFM Investors and ISPT were the biggest players in unlisted infrastructure/real estate transactions.

What we didn’t see coming – and no one was talking about – was how big super would become corporate Australia’s moral steward.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.