ANZ Investments has signed MOUs with Mercer and BlackRock. Photo: RNZ / Marika Khabazi
The country's biggest KiwiSaver provider is partnering with two United States financial giants as it looks to further grow its business.
ANZ Investments has signed two separate non-binding memorandums of understanding (MOU) with Mercer and BlackRock.
BlackRock announced a $2 billion climate investment fund with the government on Tuesday.
ANZ Funds Management managing director Fiona Mackenzie said the MOU with Mercer would leverage ANZ's local expertise with Mercer's global reach.
Mercer has US$393 billion (NZ$653bn) in assets under management.
"To ensure we stay competitive and continue to meet the changing needs of our customers, our business model needs to continue to adapt and evolve," Mackenzie said.
The non-binding MOU with BlackRock included risk management services, ANZ said.
BlackRock is the world's largest asset manager, with $US9.4 trillion (NZ$15.6tn) in assets under management.
Mackenzie said ANZ was aiming to improve long term customer outcomes, and ANZ remained accountable for its investment decisions.
"ANZ Investments remains an active investor and will continue to select assets that we believe will perform strongly over the long term," she said.