EQT Holdings Limited (ASX:EQT) today confirmed the completion of the sale of its share of the Irish business (Equity Trustees Fund Services (Ireland) Limited) as planned, to Kevin Lavery, the current CEO, and MFM Capital. The business was sold, inclusive of minimum regulatory capital, for a nominal sum.
This follows regulatory approval of the sale by the Central Bank of Ireland (CBI) announced on 12 April,With the completion of the sale, the business will no longer carry the Equity Trustees brand, and is now known as Gateway Fund Services Ltd (pending approval by CBI).
The UK business, Equity Trustees Financial Services Ltd, continues with the managed exit of its regulated clients and this is expected to be substantially complete by 30 June 2024 and fully complete in the first quarter of the 2025 financial year.
The Managing Director, has authorised that this document be given to the ASX.
Download the ASX Announcement
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Further information
Media
Alicia Kokocinski
General Manager – Marketing & Communications
03 8623 5396 / 0403 172 024
akokocinski@eqt.com.au
Investors
Mick O’Brien Philip Gentry
Managing Director Chief Financial Officer and Chief Operating Officer
+61 3 8623 5202 +61 3 8623 5372
mobrien@eqt.com.au pgentry@eqt.com.au
Equity Trustees was established in 1888 for the purpose of providing independent and impartial Trustee and Executor services to help families throughout Australia protect their wealth. As Australia’s leading specialist trustee company, we offer a diverse range of services to individuals, families and corporate clients including asset management, estate planning, philanthropic services and Responsible Entity (RE) services for external Fund Managers. Equity Trustees is the brand name of EQT Holdings Limited (ABN 22 607 797 615) and its subsidiary companies, publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Adelaide, Sydney, Brisbane, Perth.