Elevating Investor Relations: A Global Conversation
Sep 15, 2026 · 55 min · 11 segments
Join Mark Hayes and David Grunfeld as they sit down with Ian Matheson, the CEO of the Australasian Investor Relations Association, to discuss the Australian stock exchange, global IR practices, AI…
Ian MathesonGuest
Mark HayesHost
David GrunfeldHost
Look, I, I think that in, certainly in Australia, what we've seen here over the last sort of 20-odd years is, is the growth of our pension system.

And pension funds in Australia are, are, are, are, the larger ones are, are mostly internally managed now.

So that's been a, a big shift in market structure here, that the traditional fund managers that companies used to deal with, and obviously still deal with, are, in, in many cases, no longer the end beneficial owner of the s- the shares that are, are held in their name.

And, and in the context of a, of pension funds, that means the asset owners are both, uh...

In many cases, they've internalized their investment management, but they've also taken back their voting rights as well.

And, and, uh, a lot of boutique fund managers have gone out of business as, as, as they've had mandates taken away from them by those big pension fund clients.

I think the Australian pension fund industry now is, is fourth, if not third largest in, in the world.

And that, in turn, has, uh, led to, you know, a very vibrant sell-side community a- as well.

And that, that, a- and coupled with the third thing, so big growth in our pension fund industry, um, big sell-side community as well feeding off, off the, that big pool of, of pension money.

The, the, uh, the third, um, critical sort of piece, the leg, uh, leg if you like to- To the background to the growth of the investor relations industry in Australia has, has been over the last 25 years, the advent and, and, uh, enforcement of con- a continuous disclosure regime for listed entities.

Unlike you guys who, where you have periodic, um, reporting, we have continuous.

We have six monthly, um, reporting, but we have continuous disclosure, which i- is a, is, means a, a, has made a, a huge difference to, to how companies interact with, uh, with the investment community.

Look, I, I think that in, certainly in Australia, what we've seen here over the last sort of 20-odd years is, is the growth of our pension system.

And pension funds in Australia are, are, are, are, the larger ones are, are mostly internally managed now.

So that's been a, a big shift in market structure here, that the traditional fund managers that companies used to deal with, and obviously still deal with, are, in, in many cases, no longer the end beneficial owner of the s- the shares that are, are held in their name.

And, and in the context of a, of pension funds, that means the asset owners are both, uh...

In many cases, they've internalized their investment management, but they've also taken back their voting rights as well.

And, and, uh, a lot of boutique fund managers have gone out of business as, as, as they've had mandates taken away from them by those big pension fund clients.

I think the Australian pension fund industry now is, is fourth, if not third largest in, in the world.

And that, in turn, has, uh, led to, you know, a very vibrant sell-side community a- as well.

And that, that, a- and coupled with the third thing, so big growth in our pension fund industry, um, big sell-side community as well feeding off, off the, that big pool of, of pension money.

The, the, uh, the third, um, critical sort of piece, the leg, uh, leg if you like to- To the background to the growth of the investor relations industry in Australia has, has been over the last 25 years, the advent and, and, uh, enforcement of con- a continuous disclosure regime for listed entities.

Unlike you guys who, where you have periodic, um, reporting, we have continuous.

We have six monthly, um, reporting, but we have continuous disclosure, which i- is a, is, means a, a, has made a, a huge difference to, to how companies interact with, uh, with the investment community.
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