Lockton has acquired the corporate superannuation and insurance client portfolio of Perth-based Axis Financial Group. 

Lockton Pacific CEO Paul Marsden says the portfolio is unique because corporate super consulting is highly specialised.

“We’ve been able to efficiently enhance and expand our capabilities while also bringing immediate value to our business,” he said. “This acquisition underscores Lockton’s commitment to strategically investing in industry specialisms that enhance client service and support our growth objectives.”

Axis says that for three decades it has helped employers turn statutory super expenses into employee benefits, and developed technologies and ways to “transform the cost of super into an asset”.

Axis staff Richard Matsinger and Steph Canicais are now working at Lockton’s Perth office in the group risk team. Axis will continue to offer employee super consulting services.