Going back a decade, it was easy to see how big the supercompany would become and dominate Australian financial markets.&A. Pioneers UniSuper and First State (now Aware Super) undertook equity markets deals, while asset managers IFM Investors and ISPT were the biggest players in unlisted infrastructure/real estate transactions.

What we didn’t see coming, and what no one was talking about, was that a major super corporation would become Australia’s corporate moral steward.

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