NMG’s acquisition of Tria Investment Partners and its combination with NMG’s consulting business will produce the leading multinational consultancy focused on Australia’s wealth management, asset management, life insurance and life reinsurance sectors, with an unmatched offer across consulting, research and analytics, and implementation.

Mark Prichard, CEO NMG Consulting (Global) said:  “Today’s announcement is transformative, enabling us to offer our expanded client base a broader and deeper range of sector skills and expertise. Tria has carved a strong reputation for industry insights, analysis, and skilled implementation within the Australian superannuation, wealth and platforms arena. NMG’s capabilities are complementary, being the leading consultancy to Australian insurance and reinsurance institutions, facilitated by a multinational footprint.”

“We expect to see significant growth in Australia via our superior client proposition, while the NMG network will enable accelerated delivery of our combined Australian capabilities to international markets.”

According to Tria’s managing partner Andrew Baker: “Our newly enhanced offer comes during a unique growth phase as the industry looks to move beyond near-term cyclical and regulatory issues, to a longer-term focus on the future needs of customers.”

“Our clients seek trusted partners with original thinking and insights to help solve some of the big strategy, product, distribution and structural challenges that lie ahead. We can now deliver an unmatched depth of resource and talent, sourced locally and from within the global NMG franchise. For Tria clients it will be business as usual in the short term, but over time clients will gain enormous benefits through the addition of new capabilities and expertise.”

Andrew Baker will assume the role of Country Head for the combined Australian NMG Consulting business, including the existing Tria business. Ashwin Field will continue to lead NMG’s multinational Strategy Consulting practice.

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