NSW Treasurer Daniel Mookhey will host global superannuation leaders in Sydney in the second half of this year, following the success of an inaugural gathering of the Australian sector in the US last week.
The Sydney Superannuation Summit will build on the NSW capital’s steadily growing position as the financial hub of the Asia Pacific, said Mr Mookhey.
“The Sydney Superannuation Summit will leverage our strength as the financial hub of the Asia Pacific,” he said.
“Half of Australia’s businesses unicorns were born right here in NSW. They’ve been able to grow because of the high value we place on innovation and technological development.
“Sydney ranks in the top five of the most popular investment destinations around the world. Our Summit is an opportunity to harness that momentum.”
Last week’s Australian Superannuation International Summit, hosted by US Ambassador, Kevin Rudd in Washington and New York, brought together Australia’s biggest funds to showcase their potential on the world stage.
Together the Australian funds invest $631.6 billion into the US economy.
Financial leaders addressing the summit included US Treasury Secretary Scott Bessent and Australian Treasurer Jim Chalmers.
NSW Treasury Corp chief executive, David Deverall told the gathering how Sydney’s status as the financial services hub of the Asia Pacific had evolved.
Mr Deverall said Sydney’s economic strength was underpinned by a strong investment pipeline, a large skilled workforce and advanced digital infrastructure.
Australian superannuation funds manage a total $4 trillion in assets.
