Willis Towers Watson has ranked Macquarie as Australia’s leading investment manager on a criteria of funds under management, retaining its previous position.
The research house's Global 500 report compiled a list of the 500 largest fund managers in the world as of 31 December 2016, and Macquarie has retained its position as Australia's largest fund manager.
Macquarie remained in the top 100 global fund managers at $472 billion, while Colonial First State slipped to 102 with $192 billion.
AMP was the third-largest Australian fund manager with $155 billion and ranked at 120 globally, followed by BT Investment management (182nd) and QIC (193rd).
Globally, BlackRock was the largest money manager with US$5.15 trillion in funds under management, followed by Vanguard (US$3.97 trillion) and State Street (US$2.47 trillion).
Several firms have been impacted by the corporate regulator’s action.
Super funds must now have a retirement income strategy in place.
Vanguard has called for a complete overhaul of the advice industry.
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