Media inquiries should be directed to Alicia Kokocinski, Senior Manager, Marketing and Communications

on 03 8623 5396 / 0403 172 024 or akokocinski@eqt.com.au.

Read our most recent Media Releases or search for more.

  • 2019 AGM Presentation to shareholders

    Below is an extract of the slide presentation to be presented to shareholders at the EQT Holdings Limited 2019 Annual General meeting today.

    An audio recording of the address by the Chairman and the Managing Director will be available online in the Investor Centre on the Equity Trustees website this afternoon.

    Download ASX Announcement and AGM Presentation


    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, Bendigo, Sydney, Brisbane, Perth and London.

    Further information

    Media

    Alicia Kokocinski

    General Manager, Marketing and Communications

    +61 403 172 024

    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 5133

    mobrien@eqt.com.au                           pgentry@eqt.com.au



  • Equity Trustees enters agreements with CMLA

    EQT Holdings (ASX: EQT) today announced new agreements with The Colonial Mutual Life Assurance Society Ltd (CMLA).

    EQT Holdings (ASX: EQT) today announced new agreements with The Colonial Mutual Life Assurance Society Ltd (CMLA), in which

    • EQT subsidiary Equity Trustees Limited will take on the Trustee role for $10.5 billion of assets of CMLA
    • Another subsidiary, Equity Trustees Superannuation Limited (ETSL), will become the Registrable Superannuation Entity (RSE) Licensee for $4.5 billion of superannuation funds. CMLA has entered an agreement with ETSL to continue to operate as administrator and life insurer of these funds.

    The combined agreements will increase Equity Trustees’ total funds under supervision to more than $100 billion.

    EQT Holdings Managing Director Mick O’Brien said, “This is a significant announcement for Equity Trustees, cementing its position as the leading trustee in Australia.

    “Equity Trustees is the company of choice because we have the resources and the capability to take these roles on.

    “Each appointment is independent, and the funds will be overseen by separate specialist subsidiary trustee companies. 

    “In our superannuation and responsible entity businesses, our focus is on looking after the rights of members and unitholders within the funds, independent of all other parties.

    “Our recent investment in resources, including senior personnel and technology, strengthens our ability to support opportunities such as this. We look forward to partnering with CMLA.”

    Mr O’Brien said the agreements were part of the previously flagged pipeline of opportunities and confirmed that there had been significant investment to support the pipeline, and that earnings growth is expected to be weighted to the second half FY20.

    The appointments took effect from 1 October 2019.

    Download the full ASX Announcement

    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 5133

    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, Bendigo, Sydney, Brisbane, Perth and London.

    About CMLA

    The Colonial Mutual Life Assurance Society Limited (CMLA) ABN 12 004 021 809 AFSL 235035). CMLA is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945.


  • Equity Trustees delivers increased profit and positions for continuing growth

    Strong organic growth, higher dividend in challenging industry environment.


    • Net profit up 12.7% to $22.2 million
    • Basic earnings per share up 11.7% to 108.6 cents
    • Final dividend of 46c per share; total dividend for the year 9.8% higher at 90c per share
    • Funds under management, administration and supervision of $84.9 billion, marginally lower
    • Strong, stable performance in a changing industry environment
    • Investing for new growth phase driven organically and through potential new partnerships and appointments

    EQT Holdings Limited (ASX: EQT), the holding company for Equity Trustees, today announced a 12.7% increase in net profit to $22.2 million and growth in basic earnings per share of 11.7% for the year ended 30 June 2019.

    Revenue increased 4.6% to $92.5 million, while expenses grew by only 2.4%.

    Funds under management, administration and supervision (FUMAS) were down slightly to $84.9 billion, however, there was good growth in FUMAS in the second half.

    Chairman Jeff Kennett AC said: “Equity Trustees has produced another strong performance and is continuing to deliver for all stakeholders in a changing and sometimes difficult environment for financial services.

    EQT’s model of offering independent, trusted services is driving the group’s success and we are well positioned to capitalise on future growth opportunities.”

    Managing director Mick O’Brien said the business had reported consistent underlying organic growth over the year.

    “All areas of the business performed strongly, particularly those arising from recent acquisitions and partnerships.

    Solid revenue growth, healthy cash flows and a strong balance sheet underpinned this performance.”

    Mr O’Brien said Equity Trustees was targeting opportunities in Australia and overseas to grow and leverage its independent model.

    “We are investing heavily in resources, including senior personnel and technology, to enable us to support growth opportunities as they arise.”

    Mr O’Brien said the company’s European expansion was on track, winning large US and UK clients and is well placed for any Brexit outcome.

    He said that while market volatility would continue to influence the Group’s financial performance, the outlook for FY20 and beyond was positive, with attractive industry fundamentals and a solid pipeline of opportunities.

    “The investment we have made to support the potential growth opportunities means that we expect earnings growth to be weighted towards the second half of the 2020 financial year.

    Our independent model is increasingly sought in an industry undergoing substantial realignment and positions us well for future growth.”

    Download the Full ASX Announcement

    Download 2019 Full Year Results Presentation


    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 5133

    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, Bendigo, Sydney, Brisbane, Perth and London.



  • Equity Trustees appoints new Director to Super board

    Australia’s leading trustee company Equity Trustees today announced the appointment of Paul Rogan as an independent director to the Equity Trustees Superannuation Limited Board (ETSL).

    Australia’s leading trustee company Equity Trustees today announced the appointment of Paul Rogan as an independent director to the Equity Trustees Superannuation Limited Board (ETSL).

    Equity Trustees’ Managing Director, Mick O’Brien said: “Paul has excellent experience and qualifications – the right mix of capability for a Board which has responsibility for more than $8bn of funds under supervision for nearly 230,000 superannuation members.”

    Paul is a senior financial services executive with a proven track record for delivering results having successfully managed businesses through rapid growth phases and complex change. He held senior roles at Challenger Limited, National Australia Group (Wealth Management), Lendlease / MLC and the NRMA Building Society. In addition, he has more than 25 years’ experience in serving on entity boards and industry groups.

    “The role of a specialist superannuation trustee is essential to the integrity of our superannuation system which maintains millions of Australians in retirement,” said Tony Lally, Chairman, ETSL Board. 

    “Members must have confidence in the superannuation trustee responsible for their fund so they can trust that their interests are being properly looked after – and part of that is engaging the best expertise on the Board of our market leading specialist trustee business.”

    Paul Rogan joins Sue Everingham, who was appointed in February 2019, fellow independent directors Catherine Robson, Ellis Varejes and Tony Lally (Chairman), and executive directors Mark Blair (Executive General Manager, Superannuation Trustee Office) and Mick O'Brien (Managing Director, Equity Trustees) on the ETSL Board.

    “Equity Trustees congratulates Paul on his appointment and look forward to his contribution as we continue to raise the standard in securing members’ interests,” concluded Mr Lally.

     Download the full Media Release


    Media inquiries

    Alicia Kokocinski

    Senior Manager Marketing & Communications            

    03 8623 5396 / 0403 172 024

    akokocinski@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 Superannuation Limited (ABN 50 055 641 757) AFSL 229757is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane, Perth, London and Dublin.

  • Latest appointment confirms Equity Trustees’ offshore strategy

    Equity Trustees’ London-based Fund Services business has been appointed Authorised Corporate Director (ACD) for the River and Mercantile Funds (ICVC), effective 21 October 2019.

    Equity Trustees’ London-based Fund Services business has been appointed Authorised Corporate Director (ACD) for the River and Mercantile Funds (ICVC), effective 21 October 2019.

    Since being established in 2006 River and Mercantile Asset Management has evolved and broadened, with the assets under management of its parent Group now exceeding £40bn (A$88bn). The ACD performs the oversight function for the funds within the ICVC (Investment Company with Variable Capital), which has assets totalling more than £2.2bn (A$ 3.9bn).

    This appointment builds on an existing relationship. In 2017 Equity Trustees was appointed as the Responsible Entity (RE) to the River and Mercantile Global High Alpha Fund in Australia, the first Australian registered unit trust developed by the London based investment manager. The ACD function in the UK is very similar to the RE role the company has in Australia.

    “This is a significant appointment for our global Fund Services business,” said Mick O’Brien, Managing Director of Equity Trustees. “It is a credit to the expertise and competitive offering of our UK business to attract such a large-scale fund manager of the calibre of River and Mercantile. It is also confirmation of Equity Trustees’ strategy to leverage our trusted 130-year-old brand to expand our market leading Australian RE business offshore – opening up new opportunities for our existing clients in the process.”

    Outsourcing to independent specialists to perform the role of corporate fiduciary is an increasing trend globally, according to Harvey Kalman, Global Head of Fund Services and Executive General Manager, Corporate and Trustee Services at Equity Trustees.

    “It makes sense for fund managers to want to focus on managing clients’ money,” he said. “This appointment was a result of River and Mercantile making a decision to outsource their internal ACD to an independent provider, allowing them to focus on the investment management function. In Australia, we see a similar trend with internal RE functions being outsourced, so fund managers can focus on their core business.”

    Equity Trustees recently established an additional office in Dublin earlier this year, strengthening the offering of ACD services to UK funds and Management Company Services to Irish and European funds, as well as it’s RE services to Australian funds.

    Read the UK announcement of this appointment here, and more about Equity Trustees Fund Services at www.equitytrustees.com

    Download the full Media Release


    Media inquiries

    Alicia Kokocinski

    General Manager Marketing & Communications          

    03 8623 5396 / 0403 172 024

    akokocinski@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. Equity Trustees Fund Services Ltd provides fund governance, risk and compliance, service provider oversight, product assistance and regulatory reporting services to investment managers, from locations in Melbourne, Sydney, New York, London and Dublin.

    Fund Services is a division of the EQT Holdings Limited (ABN 22 607 797 615) group of companies. EQT Holdings Limited is a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane, Perth, London and Dublin.

  • Equity Trustees appointed Authorised Corporate Director for the River and Mercantile Funds ICVC

    Equity Trustees Fund Services has been appointed Authorised Corporate Director (ACD) for the River and Mercantile Funds ICVC, effective 21 October 2019.

    Equity Trustees Fund Services has been appointed Authorised Corporate Director (ACD) for the River and Mercantile Funds ICVC, effective 21 October 2019.

    River and Mercantile Asset Management LLP and River and Mercantile Investments Limited remain the investment managers to the funds.

    Equity Trustees Fund Services is the UK Specialist Authorised Corporate Director (ACD) business of Equity Trustees group, a 130-year-old, ASX listed, trustee company and Australia’s market leading provider of specialist funds governance services to domestic and international fund managers.

    “We are delighted to have this opportunity to further expand our global relationship with River and Mercantile with the approval from the Financial Conduct Authority to take over as the ACD for the ICVC. This transition is further evidence that the specialist ACD model is seen as the optimal way forward for investment managers looking to deliver value and provide a robust governance structure for investors,” said James Gardner, Co-CEO Equity Trustees Fund Services (UK & Europe). 

    James Barham, CEO of River and Mercantile Group PLC, said: “Since launching River and Mercantile Asset Management in 2006 our business and its capabilities have evolved and broadened with assets under management of the parent Group now exceeding £40bn.”

    “The ACD performs an extremely important role for our equity fund management business where transparent, independent oversight is critically important. Following a thorough due diligence process we initiated last year, we’ve determined that transitioning the ACD role to Equity Trustees Fund Services will enhance this and allow us to focus on what we do best – managing our clients’ money.”

    Mr Gardner said the specialist ACD service had a strong appeal, especially for fund management businesses looking to connect with a service provider with a broader, global capability.

    “The strategic move for Equity Trustees to expand into the UK and Europe from Australia was to service managers with a profile like that of River and Mercantile,” he said.  

    “Our UK ACD, UCITS Management Company and AIFM services continue to attract attention from investment managers looking for a specialist, experienced and knowledgeable partner with solid operational and financial substance,” Mr Gardner concluded.

    Read the Australian announcement of this appointment here, and more about Equity Trustees Fund Services at www.equitytrustees.com

     Download the Full Media Release


    Media inquiries

    Alicia Kokocinski

    General Manager Marketing & Communications

    Equity Trustees

    03 8623 5396 / 0403 172 024

    akokocinski@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. Equity Trustees Fund Services provides fund governance, risk and compliance, service provider oversight, product assistance and regulatory reporting services to investment managers, from locations in Melbourne, Sydney, New York, London and Dublin.

    Fund Services in Europe are provided by Equity Trustees Fund Services Ltd and Equity Trustees Fund Services (Ireland) Limited which are part of the EQT Holdings Limited group (ABN 22 607 797 615),  a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane, Perth, London and Dublin

  • Details for EQT Holdings Full Year Results Release

    EQT Holdings Limited (ASX: EQT) will conduct a webinar presentation by Mick O’Brien, Managing Director and Philip Gentry, Chief Financial Officer & Chief Operating Officer for investors following the release of  EQT’s Full Year Results.

    EQT Holdings Limited (ASX: EQT) will conduct a webinar presentation by Mick O’Brien, Managing Director and Philip Gentry, Chief Financial Officer & Chief Operating Officer for investors following the release of  EQT’s Full Year Results.

    Results release:              Wednesday 21 August 2019

    Webinar:                       9.30am – 10.30am, Wednesday 21 August 2019

    Those intending to join the webinar must register here. Those who prefer to listen to the presentation by phone can dial 1800 558 698 (+61 2 9007 3187) then enter the conference ID 10000826. If you are calling from the UK, please dial 0808 168 3761 then enter the conference ID 10000826.

    Access to a recording of the webcast and the slides from the presentation will be available the next business day at www.eqt.com.au/shareholders

    Company Overview: 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 one of Australia’s largest and oldest listed independent trustees, we offer a diverse range of services to individuals, families and corporate clients including estate planning, estate management, trust and philanthropic services, asset management, financial advice and Responsible Entity (RE) services for external fund managers.

    Download the full ASX Announcement


    Equity Trustees was established in 1888 to provide independent and impartial trustee and executor services to help families throughout Australia protect their wealth. As Australia’s leading specialist trustee company, Equity Trustees offers a diverse range of services to individuals, families and corporate clients including asset management, estate planning, philanthropic services and responsible entity services for external fund managers. Equity Trustees is the brand name of EQT Holdings Limited (ABN 22 607 797 615) and its subsidiary companies. EQT Holdings Limited is listed on the Australian Securities Exchange (ASX: EQT) and has offices in Melbourne, Bendigo, Sydney, Brisbane, Perth, London and Dublin.

    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 announces record project funding of $1m for chronic fatigue syndrome

    Equity Trustees today announced a record $1 million grant from the philanthropic trust, The Mason Foundation

    Equity Trustees today announced a record $1 million grant from the philanthropic trust, The Mason Foundation, which will go towards project funding for a landmark five-year project which aims to help medical researchers find solutions to Chronic Fatigue Syndrome (Myalgic Encephalomyelitis/Chronic Fatigue Syndrome or ME/CFS), a debilitating and little understood condition.

    The innovative project funding brings together researchers from La Trobe University, Emerge Australia and Australian Red Cross Blood Service (Red Cross) and many other institutions to establish the first Australian Registry and Biobank for ME/CFS, and link research teams from several national institutions as well as consortia based in Europe, the United Kingdom and North America – all working towards identifying causes and potential treatments for the disease. The Biobank will provide access to blood samples and DNA for researchers.

    Professor Peter Schofield AO, Chair of the Mason Foundation’s National Medical Advisory Panel, explained: “The development of a new Australian collaborative resource to better tackle ME/CFS has been a priority for the Mason Foundation. The Panel selected this team from a strong pool of applicants based on their plans to establish this national registry and biobank to undertake and facilitate a range of new research projects. The registry and biobank will contribute new insights into the causes and potential treatments of ME/CFS which will help people who live with this condition globally.”

    “As we are still in the process of trying to work out the markers for diagnosis, as well as potential causes and ultimately treatments, the scale of work needed is enormous. In each of our countries the sample groups are small. But together we can share the work – and share the data. Eventually we will also share what we hope will be ways forward to address this condition,” Head of Microbiology at La Trobe University and project leader, Professor Fisher said.

     “Very little public funding has gone into this disease over the past decades,” said Jodi Kennedy, General Manager, Charitable Trusts and Philanthropy, Equity Trustees. “It affects up to 1 per cent of the population, and for many it is debilitating and confusing, with 25 per cent of those affected left housebound. This is the space where philanthropic funding can have a real and sustainable – and potentially life changing – impact on the people affected and the community.”

    The Mason Foundation was established as a result of a generous donation in 2003 from Judith Jane Mason, who was motivated by her own experience with ME/CFS and also to honour “a most intelligent, wonderful and charitable man” - her adored father, Harold. Judith died in 2013 leaving behind the Foundation and its purpose to support research into ME/CFS and Alzheimer’s disease. Over the past decade, the Foundation has distributed over $10 Million for research grants and fellowships and is the leading funder of ME/CFS research in Australia, distributing around $1 million each year.

    More about this project and its aims can be found here.

    Equity Trustees manages more than 600 charitable trusts and foundations which distributed more than $80 million in FY18. 36% of this funding went to the medical research and health sector. More about Equity Trustees and impact philanthropy can be found here: www.eqt.com.au/givingreview

    Download the full Media Release

    Media inquiries

    Alicia Kokocinski

    General Manager Marketing & Communications          

    03 8623 5396 / 0403 172 024

    akokocinski@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. Philanthropy services are provided by Equity Trustees Limited (ABN 46 004 031 298, AFSL 240975) and Equity Trustee Wealth Services Limited (ABN 33 006 132 332, AFSL 234528), both companies are part of EQT Holdings Limited (ABN 22 607 797 615), a public company listed on the Australian Securities Exchange (ASX: EQT)

  • Four more appointments in Superannuation Trustee Office

    Australia’s leading specialist trustee company Equity Trustees has boosted the Superannuation Trustee Office with four further appointments.

    Australia’s leading specialist trustee company Equity Trustees has boosted the Superannuation Trustee Office with four further appointments to ensure it meets the growing demand from a superannuation industry with increasingly sophisticated expectations of the role of trustee in safeguarding member interests.

    “The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry which concluded early this year threw in to sharp focus the importance of a strong and operationally independent trustee office” said Mark Blair, Executive General Manager of the Superannuation Trustee Office.

    The four newest appointments expand capability in the areas of claims, insurance and client liaison:

    • Princess Navarro – Head of Insurance: Princess was previously a Principal of Mercer and the Insurance, Policy and Governance Leader where she was responsible for developing insurance policy responses to industry and legislative change, strategically managing insurer relationships and meeting the governance requirements of insurance products within superannuation.
    • Ian Donaldson – Senior Client Account Manager: Ian was originally an Actuary who transitioned to business development and relationship management roles during his 20 years at Mercer and AXA before that. 
    • Pricillia Chand – Trustee Officer (claims): Pricillia joins our Claims team and has significant experience in claims, including training and quality consulting, and has previously worked with ASIC, MLC and Colonial Life.
    • Anthony Marasigan – Fund Accountant: Anthony has more than a decade of experience as a fund accountant in New Zealand with Aon Hewitt and then Link Market Services.

    Mr Blair said it was critical to ensure the highest-level professional skills in the team to enable the STO to comprehensively cover an ever more complex environment while remaining focussed on the primary objective of achieving best possible member outcomes

    “Our superannuation clients receive the very best state of the art independent governance model for their funds and can have confidence that the people, systems and platforms used to support the trustee function come second to none in terms of experience, expertise – and service,” Mr Blair said.

    “Equity Trustees welcomes our newest appointments – they are an important part of our ongoing commitment to growing and strengthening our role as a leader in superannuation trusteeship,” he concluded.

    Previous senior appointments have included David Warren in client relationship management, and Sue Everingham to the Equity Trustees Superannuation Limited Board.

    Download the full Media Release


    Media inquiries

    Alicia Kokocinski

    Senior Manager Marketing & Communications    

    03 8623 5396 / 0403 172 024

    akokocinski@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 Superannuation Limited (ABN 50 055 641 757) AFSL 229757is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane, Perth and London.

  • Equity Trustees appointed Authorised Corporate Director to the AllianceBernstein UK OEIC

    Global investment manager AllianceBernstein has appointed Equity Trustees Fund Services as the Authorised Corporate Director (ACD) for the firm’s newly launched UK OEIC.

    Global investment manager AllianceBernstein has appointed Equity Trustees Fund Services as the Authorised Corporate Director (ACD) for the firm’s newly launched UK OEIC.

    Equity Trustees Fund Services, is the UK Independent ACD business of Equity Trustees, a 130-year-old, ASX listed, trustee company and Australia’s market leading provider of independent funds governance services to domestic and international fund managers.

    “We are pleased to have been selected to undertake the ACD role for this exciting new proposition and congratulate AllianceBernstein on its launch. Being selected by one of the world’s largest Asset Managers is further proof that the Independent Model is seen as the way forward for Investment Managers looking to deliver value and provide a robust governance structure for their investors,” said James Gardner, Co-CEO Equity Trustees Fund Services (UK & Europe).

    “Our UK ACD, UCITS Management Company and AIFM services continue to attract attention from Investment Managers looking for an experienced and knowledgeable partner with real operational and financial substance,” said Mr Gardner.

    Jamie Hammond, CEO of AllianceBernstein, EMEA, said: “We see opportunity for bringing our differentiated products to the UK market through the OEIC umbrella. During our tendering process in finding a UK ACD, we were impressed with the breadth of knowledge and experience shown by the team at Equity Trustees and look forward to growing our UK footprint alongside them.

    “Together we have launched the ES AllianceBernstein Europe (ex UK) equity OEIC, which approaches investing as business owners developing a differentiated perspective on companies, and we aim to add further OEIC products soon,” Mr Hammond concluded.

    For more about the Equity Trustees global service, visit www.equitytrustees.com

    Download the full Media Release


    Media inquiries

    Alicia Kokocinski

    General Manager Marketing & Communications          

    +613 8623 5396 / +61403 172 024

    akokocinski@eqt.com.au

    Equity Trustees (UK & Europe) Limited (Company number 10145592) and Equity Trustees Fund Services Limited (Company number 04856420) are subsidiaries of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT). Equity Trustees (UK & Europe) was established in January 2017. Through our Independent Authorised Corporate Director (ACD) and Management Company services we offer a comprehensive range of UCITS and AIFMD fund services to International and domestic Investment Managers, Distributors and Financial Services professionals looking to establish and operate funds in both the UK & Europe. Equity Trustees Fund Services (Ireland) Limited (Company number 635185) is a wholly owned subsidiary of Equity Trustees (UK & Europe) Limited.

    About AllianceBernstein (AB)

    AllianceBernstein L.P., parent company of AllianceBernstein Limited, is a leading investment-management firm with $568 billion in client assets under management, as of April 30, 2019. AB offers high-quality research and diversified investment services to institutional, high-net-worth and retail investors, in major world markets.

    AB’s investment capabilities span diverse asset classes, investment styles and geographic markets. They include: Luxembourg-domiciled global, regional and sector-specific equity funds; multi-asset and alternative funds; and fixed-income strategies that encompass the entire risk/reward spectrum.

    In Europe AB’s asset management operation, has 12 offices in 11 countries offering high conviction equity funds and specialist fixed-income strategies, liquid alternatives and multi asset solutions to institutional investors, discretionary wealth managers and financial advisers.

    AllianceBernstein Limited is authorised and regulated by the Financial Conduct Authority. Its Registered Office is at 50 Berkeley Street, London, W1J 8HA. Additional information about AB may be found on our website, www.alliancebernstein.com.  

  • Director appointed to Equity Trustees Fund Services in Ireland

    Deirdre O'Reilly FCA has been appointed to the position of Independent Chair of the newly established Equity Trustees business in Ireland.

    Deirdre O'Reilly FCA has been appointed to the position of Independent Chair of the newly established Equity Trustees business in Ireland.

    Equity Trustees Fund Services provides independent fund governance, risk and compliance, product development and regulatory reporting services to investment managers, from locations in Melbourne, Sydney, London and now Dublin.

    “This is an exciting opportunity to be a part of one of the newest providers of a comprehensive range of UCITS Management Company and Alternative Investment Fund Manager (AIFM) services to domestic and international investment managers, distributors and financial professionals,” Ms O’Reilly said.

    Deirdre brings a significant level of expertise to the Board as an independent director, having previously worked for the Central Bank of Ireland (CBI), where she was responsible for the commencement of the Policy and Risk Unit within the Investment Firms and Fund Services Division, and led implementations of the online reporting and online authorisation systems. Prior to the CBI, she was at PwC, and is also a course presenter at the Irish Management Institute.

    “Deirdre’s experience and expertise in compliance, risk and corporate governance strengthens our ability to grow our business and provide fiduciary services to domestic and global fund managers,” said Harvey Kalman, Global Head of Equity Trustees Fund Services.

    Managing Director of Equity Trustees, Mick O’Brien, added: “On behalf of Equity Trustees, we congratulate Deirdre on her appointment and welcome her to our business. I look forward to her contribution to our growth story which began in Australia 130 years ago and now begins a chapter in Dublin.”

    Deirdre holds a Bachelor of Science from University College of Dublin, and is also a Fellow of Chartered Accountants Ireland (CAI), a Licentiate of the Association of Compliance Officers in Ireland and a member of the Institute of Banking in Ireland.

    More about Equity Trustees Fund Services available at www.equitytrustees.com

     Download the full Media Release


    Media inquiries

    Alicia Kokocinski

    General Manager – Marketing & Communications      

    +61 3 8623 5396 / +61 403 172 024

    akokocinski@eqt.com.au

    Equity Trustees, the brand name of EQT Holdings Limited, 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 (UK & Europe) Limited (Company number 10145592) is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT). Equity Trustees (UK & Europe) was established in January 2017. Through our Independent Authorised Corporate Director (ACD) and Management Company services we offer a comprehensive range of UCITS and AIFMD fund services to International and domestic Investment Managers, Distributors and Financial Services professionals looking to establish and operate funds in both the UK & Europe. Equity Trustees Fund Services (Ireland) Limited (Company number 635185) is a wholly owned subsidiary of Equity Trustees (UK & Europe) Limited. This media release has been prepared to provide you with general information only.

  • Equity Trustees Appoints Australian Fund Services Lead

    As Equity Trustees prepares the Fund Services division of the company for growth offshore, the business has promoted industry veteran Russell Beasley to Head of Fund Services Australia.

    As Equity Trustees prepares the Fund Services division of the company for growth offshore, the business has promoted industry veteran Russell Beasley to Head of Fund Services Australia.  

    Russell joined Equity Trustees in 2005 and has been an integral part of the success of the Corporate Trustee and Fund Services division. Prior to this appointment he was General Manager of Relationships and Oversight in the market leading division of Equity Trustees.

    “Russell has nearly four decades of experience in the financial services industry having held senior positions both in investment management and retail banking – but he has distinguished himself at Equity Trustees with his capacity to manage the full range of operational responsibilities related to creating an outstanding responsible entity service, as well as managing key relationships with some of our largest Australian and international clients,” said Harvey Kalman, Executive General Manager, Corporate and trustee Services and Global Head of Fund Services.

    “In addition, more recently Russell has spent time on secondment as the company-wide Chief Risk Officer and led the project for the highly successful listing of a major listed investment trust (LIT) structure on the ASX. There are few people in the industry with his depth of experience and expertise,” Mr Kalman said.

    Equity Trustees has recently established itself offshore, with an office in London following the acquisition of the majority share of a UK-based funds governance business, and the establishment of an office in Dublin earlier in 2019.  Those offices are led by James Gardner and Kevin Lavery respectively, providing Authorised Corporate Director (ACD) services to UK funds and Management Company Services to Irish and European funds.

    Equity Trustees Fund Services provides fund governance, risk and compliance, service provider oversight, product assistance and regulatory reporting services to investment managers, from locations in Melbourne, Sydney, New York, London and Dublin.

    More about Equity Trustees Fund Services available at www.equitytrustees.com

    Download the full Media Release


    Media inquiries

    Alicia Kokocinski

    General Manager Marketing & Communications          

    03 8623 5396 / 0403 172 024

    akokocinski@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.

    Fund Services is a division of the EQT Holdings Limited (ABN 22 607 797 615) group of companies. EQT Holdings Limited is a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane, Perth, London and Dublin.

  • Equity Trustees Brexit-ready with transfer of Irish domiciled funds

    Equity Trustees has ensured it can maintain uninterrupted Management Company services to current Irish domiciled fund clients by transferring the Irish funds business from London to Dublin in preparation for the UK’s departure from the European Union.

    Equity Trustees has ensured it can maintain uninterrupted Management Company services to current Irish domiciled fund clients by transferring the Irish funds business from London to Dublin in preparation for the UK’s departure from the European Union.

    Equity Trustees Fund Services provides a comprehensive range of UCITS Management Company and Alternative Investment Fund Manager (AIFM) services to domestic and international Investment managers in the UK.

    The new office in Dublin places Equity Trustees, already the market leader in Australia for the provision of independent Responsible Entity / trustee services, at the heart of the third largest market for Collective Investment Vehicles globally. This will provide Equity Trustees with the capability to facilitate the broader European objectives of Equity Trustees’ international fund manager clients.

    “Our Irish office will not only enable us to continue to manage our existing funds, but as a core global funds management centre, it provides a very attractive opportunity to grow our business and provide fiduciary services to domestic and global fund managers,” said Harvey Kalman, Global Head of Fund Services.

    James Gardner, Co-CEO of Fund Services in UK and Europe added: “After the establishment in 2017 of our London office, the move to Dublin is the natural next step to being able to offer a comprehensive European solution and seamless service to our current and future clients.”

    Equity Trustees Fund Services provides independent fund governance, risk and compliance, product development and regulatory reporting services to investment managers, from locations in Melbourne, Sydney, London and now Dublin.

    More about Equity Trustees Fund Services available at www.equitytrustees.com

    Download the full Media Release here


    Media inquiries

    Alicia Kokocinski

    General Manager – Marketing & Communications      

    +61 3 8623 5396 / +61 403 172 024

    akokocinski@eqt.com.au

    Equity Trustees, the brand name of EQT Holdings Limited, 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 (UK & Europe) Limited (Company number 10145592) is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT). Equity Trustees (UK & Europe) was established in January 2017. Through our Independent Authorised Corporate Director (ACD) and Management Company services we offer a comprehensive range of UCITS and AIFMD fund services to International and domestic Investment Managers, Distributors and Financial Services professionals looking to establish and operate funds in both the UK & Europe. Equity Trustees Fund Services (Ireland) Limited (Company number 635185) is a wholly owned subsidiary of Equity Trustees (UK & Europe) Limited. This media release has been prepared to provide you with general information only.

  • Equity Trustees formally establishes operation in Ireland with CBI authorisation

    After a thorough application process, Equity Trustees in Ireland has been authorised by the Central Bank of Ireland (CBI) to operate as a management company for Undertakings for Collective Investment in Transferable Securities (UCITS) and Alternative Investment Funds (AIFM).

    After a thorough application process, Equity Trustees in Ireland has been authorised by the Central Bank of Ireland (CBI) to operate as a management company for Undertakings for Collective Investment in Transferable Securities (UCITS) and Alternative Investment Funds (AIFM).

    In the UK, Equity Trustees currently provides Authorised Corporate Director (ACD) services to UK funds and Management Company Services to Irish funds, with the latter being operated via the European Union passporting mechanism.

    The new office location in Dublin places Equity Trustees, already the market leader in Australia for independent Responsible Entity / trustee services, at the heart of the third largest market for Collective Investment Vehicles (CIV’s) globally.

    “Part of our global strategy is to expand into Europe.  Provision of independent management company services in Europe is a key part of our strategy to enable us to provide fiduciary services to our client base and be agnostic on the location of the fund,” said group Managing Director, Mick O’Brien.

    Authorisation by the CBI and establishment of the Irish office ensures Equity Trustees can continue to provide independent management company solutions for our existing Irish funds following any Brexit outcome. The Dublin office is led by Kevin Lavery, Co-CEO of Fund Services UK and Europe.

    “Our Irish office will not only enable us to continue to manage our existing funds, but as a core global funds management centre, it provides a very attractive opportunity to grow our business and provide fiduciary services to domestic and global fund managers,” said Harvey Kalman, Global Head of Fund Services.

    Equity Trustees Fund Services provides fund governance, risk and compliance, service provider oversight, product assistance and regulatory reporting services to investment managers, from locations in Melbourne, Sydney, New York, London and now Dublin.

    *Representatives from Equity Trustees in the UK and the US will be in Australia for a series of Global Strategy briefings for fund managers (Melbourne 1 & 2 April, Sydney 4 & 5 April).

    Download the full Media Release 


    Media are invited to attend the session in Sydney on Thursday 4 April 2019  (12.15pm – 2pm). Separate interviews can be arranged outside this session presentation time.

    Media inquiries

    Alicia Kokocinski

    General Manager – Marketing & Communications      

    03 8623 5396 / 0403 172 024

    akokocinski@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, Bendigo, Sydney, Brisbane, Perth, new York, London and Dublin.

  • Equity Trustees adds Head of Risk and Superannuation Strategy to growing Superannuation Trustee Office

    Australia’s leading specialist trustee company Equity Trustees has appointed Justin Watts to the newly created position of Head of Risk and Superannuation Strategy in its expanding national Superannuation Trustee Office (STO).

    Australia’s leading specialist trustee company Equity Trustees has appointed Justin Watts to the newly created position of Head of Risk and Superannuation Strategy in its expanding national Superannuation Trustee Office (STO).

    “Justin brings exceptional knowledge and experience of prudential supervision across businesses in the superannuation, insurance and banking sectors, having spent more than seven years at the Australian Prudential Regulation Authority (APRA),” said Mark Blair, Executive General Manager of the Superannuation Trustee Office.

    The STO is currently growing to meet increasing demand, recently launching a recruitment campaign and making a number of senior appointments, including David Warren in client relationship management, and Sue Everingham to the Equity Trustees Superannuation Limited Board.

     “In a heightened risk environment, the role of a super trustee is amplified because of its responsibility of looking out for the best interests of hundreds of thousands of members investing in superannuation for their retirement. It makes sense that Australia’s leading specialist trustee, with 130 years of trustee experience, is so well placed to serve this very important specialist area of trusteeship in superannuation,” Mr Blair said.

    Justin was at APRA from 2012, moving from analyst roles into leadership in the team focussed on supervisory activities across a range of APRA regulated industries including superannuation, insurance and banking. Prior to APRA he held a management position at the Endeavour Foundation. He has a Master of Applied Finance, BA (Commerce) and BA (International Business).

    “We congratulate Justin on his appointment and welcome him to Equity Trustees, where his strong experience in risk management and governance, and deep understanding of regulatory and compliance in superannuation will further strengthen our service to members,” Mr Blair concluded.

    Download the full Media Release


    Media inquiries

    Alicia Kokocinski

    Senior Manager Marketing & Communications    

    03 8623 5396 / 0403 172 024

    akokocinski@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 Superannuation Limited (ABN 50 055 641 757) AFSL 229757is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane, Perth and London.

  • Equity Trustees finalises acquisition of Zurichs Australian superannuation trustee

    EQT Holdings Limited (ASX: EQT), the holding company for Equity Trustees, announced on 25 February 2019 that it had signed an agreement with Zurich Australia to purchase its superannuation trustee, Zurich Australian Superannuation Pty Ltd (ZAS).  Equity Trustees is pleased to announce that the transaction completed today. 

    EQT Holdings Limited (ASX: EQT), the holding company for Equity Trustees, announced on 25 February 2019 that it had signed an agreement with Zurich Australia to purchase its superannuation trustee, Zurich Australian Superannuation Pty Ltd (ZAS).  Equity Trustees is pleased to announce that the transaction completed today. 

    ZAS is the superannuation trustee for the Zurich Master Superannuation Fund, which has approximately $1bn in funds under trusteeship and 18,000 members across traditional, accumulation and pension products.

     Download the ASX Announcement


    Further information

    Media

    Alicia Kokocinski

    Senior 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, Bendigo, Sydney, Brisbane, Perth and London.

  • Equity Trustees brings global expertise to Aussie fund managers’ doorstep

    The total funds invested in Australia of around A$3.5 trillion (A$2.7 trillion in retirement funds and approximately A$1.5bn in fund structures) pales in comparison to some global investment markets.

    The total funds invested in Australia of around A$3.5 trillion (A$2.7 trillion in retirement funds and approximately A$1.5bn in fund structures) pales in comparison to some global investment markets.

    Two of the countries that lead the world as centres for collective investment vehicles are Luxembourg and Ireland. Luxembourg alone has around €6 trillion in collective investment vehicles, while Ireland has €2.5 trillion.

    Europe has among the most sophisticated investment structures and regulations in the world and there is much Australia can learn from the models used overseas to provide investor protection and build vibrant, secure investment structures.

    Equity Trustees has recently taken steps to expand offshore into the UK and Europe (via Ireland) to serve growing demand by fund managers to operate globally.

    Just days after the Brexit deadline, our representatives from our UK/Europe and US offices are arriving in Australia to share updates around global topics in relation to these highly attractive – but sometimes complex - markets.

    • Brexit – What happens now? And what does it mean for funds management in the UK and the European Union?
    • How Australian fund managers can expand into Asia via UCITS structures
    • Why expand investment products into Cayman Islands, London, Dublin or Luxembourg

    Speaker Bios included when downloading Media Release:

    • Harvey Kalman, Executive General Manager, Corporate Trustee Services & Global Head of Fund Services
    • James Gardner, Co-CEO, Fund Services (UK and Europe)
    • Rob Harrison, US Representative, Fund Services

    Download Media Release

    Media welcome to attend the session in Sydney on Thursday 4 April 2019  (12.15pm – 2pm). Separate interviews can be arranged outside this session presentation time.


    Media inquiries

    Alicia Kokocinski

    Senior Manager Marketing & Communications    

    03 8623 5396 / 0403 172 024

    akokocinski@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.

    Corporate Trustee Services is provided by Equity Trustees Limited (ABN 46 004 031 298) AFSL 240975 which is a subsidiary  of EQT Holdings Limited (ABN 22 607 797 615),  a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane, Perth and London.

  • Equity Trustees releases report on $87 Million of giving

    Leading trustee provider of philanthropic funding, Equity Trustees, today released a much-anticipated report containing analysis of $87 million of philanthropic granting and bequests overseen by the Company in the 2018 financial year.

    australia’s leading SPECIALIST trustee company releases first annual giving review

    • $87 million total grants and bequests in financial year 2018
    • $76 million total grants from charitable trusts; $11 million in bequests
    • More than 3,000 grants made
    • 190 grants over $100,000 to not for profits and charities
    • Largest discretionary grant - $1.5 million

    Leading trustee provider of philanthropy funding, Equity Trustees, today released a much-anticipated report containing analysis of $87 million of philanthropic granting and bequests overseen by the Company in the 2018 financial year.

    “For generations Australians have been creating and leaving philanthropic legacies that Equity Trustees has had the privilege and honour of stewarding through changing times.” said the Hon Jeffrey Kennett AC, Chairman, Equity Trustees.

    “Many, through their generosity are ‘living forever’, assisting people and institutions of their choosing. This report shares the stories of many philanthropists, past and present, and highlights the impact their perpetual giving has achieved and continues to achieve. I am full of admiration for the many people and for-purpose organisations who we have partnered with to unlock the value of those funds to make a real and lasting difference to our community.”

    “The report tells some of the most compelling stories we could find of collaboration between for-purpose organisations and funders towards achieving shared outcomes." 

    Examples include:

    • supporting the creation of out of home care funding groups who work with young people and are campaigning to increase the age limit on out of home care,
    • working with key funders of Aboriginal organisations,
    • catalysing start-up social enterprises supporting solutions for ageing Australians,
    • empowering grass roots climate action project funding,
    • medical research, and so much more.

    The Annual Giving Review sets out, with detail rarely shared, how Equity Trustees continues to evolve its giving, and the journey it is are taking towards mapping, measuring and communicating how it is deepening impact through philanthropic funding. It sets out a blueprint for how Equity Trustees measures impact in the company’s four key focus areas:

    1. Children and young people
    2. Ageing and aged care
    3. Medical research and health
    4. Animals and environment

    Managing Director, Mick O’Brien, said: “Equity Trustees has the remarkable privilege of being a company with a purpose through the generosity of our clients, to create positive social change.

    “We have an incredibly dedicated, experienced team of philanthropy professionals who, every day, manage more than 650 charitable trusts, make thousands of granting decisions, and help hundreds of people make philanthropy a core part of their life.

    “We are proud of the impact we are making in the community through delivering on our responsibility as a leading provider of charitable funds in Australia, and through our partnerships with the for-purpose sector. Philanthropy is one of our key strengths and is fundamental to Equity Trustees’ ability to deliver on one of our four strategic targets for the overall company – to deepen community impact,” he said.

    The report can be viewed at www.eqt.com.au/givingreview

    Download Media Release


    Media inquiries

    Alicia Kokocinski

    General Manager Marketing & Communications 

    03 8623 5396 / 0403 172 024

    akokocinski@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. Philanthropy services are provided by Equity Trustees Limited (ABN 46 004 031 298, AFSL 240975) and Equity Trustee Wealth Services Limited (ABN 33 006 132 332, AFSL 234528), both companies are part of EQT Holdings Limited (ABN 22 607 797 615), a public company listed on the Australian Securities Exchange (ASX: EQT)

  • EQT Holdings Limited appoints Deputy to Chairman Jeff Kennett AC

    EQT Holdings Limited (ASX: EQT), the holding company for Equity Trustees, today announced it has appointed non executive director James (Jim) Minto as Deputy Chair of the Board.

    EQT Holdings Limited (ASX: EQT), the holding company for Equity Trustees, today announced it has appointed non executive director James (Jim) Minto as Deputy Chair of the Board.

    “Jim brought outstanding credentials to Equity Trustees when he was appointed to the Board in March 2017,” said Jeff Kennett AC, Chairman.

    “He has had an impressive career in financial services with many decades of experience in senior leadership roles and company directorships. As Deputy Chair, Jim will support me, ensuring that the Board continues to aspire to excellence in governance standards, the welfare of all our staff, and act in the best interests of all our customers and stakeholders, and stand in for me as required.

    “Jim has brought his particular expertise in trusteeship and understands from experience how to grow shareholder value while also maintaining a healthy corporate culture and excellent client service,” said Mr Kennett.

    Jim is currently Chair of the EQT Board Risk Committee and a member of the Board Audit Committee.

    Prior to joining Equity Trustees, his career included more than 30 years in senior roles with the TOWER group, one of Australia and New Zealand’s leading life insurance groups; he was appointed as Managing Director of the group and to Board of Dai-ichi Life Asia Pacific (Singapore) after they acquired TOWER Australia (now TAL) in 2011. Jim was formerly Chair of the Australian Superannuation Funds of Australia and The Trustee Corporations Association of New Zealand and currently serves on the Board of the National Disability Insurance Agency.

    “On behalf of the Board, I congratulate Jim on his appointment and thank him for taking on this role,” Mr Kennett concluded.

    Download the full ASX Announcement here


    Further information

    Media

    Alicia Kokocinski

    Senior 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, Bendigo, Sydney, Brisbane, Perth and London.

  • Equity Trustees appoints Sue Everingham to Super Board

    Australia’s leading specialist trustee company Equity Trustees has appointed Sue Everingham as a director to the Board of Equity Trustees Superannuation Limited (ETSL).

    Australia’s leading specialist trustee company Equity Trustees has appointed Sue Everingham as a director to the Board of Equity Trustees Superannuation Limited (ETSL).

    “In an increasingly heightened risk environment, where demand for our specialist trustee services is increasing, Equity Trustees continues to appoint the most experienced, highly skilled people to ensure we can carry out our trustee obligations to the highest standards,” said Tony Lally, Chairman, ETSL Board. 

    Equity Trustees’ Managing Director, Mick O’Brien said: “Sue has outstanding credentials for this appointment, as a lawyer who practices in superannuation, investments and financial services law, with specific experience in the unique area of superannuation trusteeship and more than 25 years’ experience at executive management and Board level.”

    Mr O’Brien added that this appointment follows a series of senior appointments which play an integral part of the superannuation trustee service area of the business, including David Warren (senior client manager) and Owen Brailsford as Chief Risk Officer.

    Sue joins fellow independent directors Catherine Robson, Ellis Varejes and Tony Lally (Chairman), along with executive directors Mark Blair (Executive General Manager, Superannuation Trustee Office) and Mick O'Brien.

    Sue was the Head of the Office of Trustee, Wealth Management Division at the Commonwealth Bank, and is currently a consultant with law firm Norton Rose Fulbright. She has held senior positions in the tax, investments and superannuation practices areas of a number of leading national law firms as well as roles with BT Financial Group, Ashurst, Mercer, Hunt and Hunt, Malleson Stephen Jacques (now King and Wood Mallesons) and the ATO.

    Sue is currently a non executive director of Hannover Life Re Australasia Limited and Destination Southern NSW Ltd. She was previously a non executive director of the Commonwealth Bank Group Super Fund, where she was also chair of the Risk and Audit Committee (2010 – 2013).

    She holds a Masters of Taxation (LLM), Bachelor of Economics and Law and is an admitted solicitor of the Supreme Court of NSW and ACT, and admitted barrister of the Supreme Court of the ACT. Sue is a qualified CPA and graduate of the Australian Institute of Company Directors.

    “Sue joins a team proud to be entrusted with the responsibility and oversight of so many superannuation funds where Equity Trustees has been chosen as an independent trustee to look out for member interests. We congratulate Sue on her appointment and look forward to working with her on the ETSL Board,” Mr Lally concluded.


    Download the full Media Release here


    MEDIA INQUIRIES

    Alicia Kokocinski

    Senior Manager – Marketing & Communications         

    03 8623 5396 / 0403 172 024

    akokocinski@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 Superannuation Limited (ABN 50 055 641 757), AFSL 229757, RSE L0001458, is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane, Perth and London.


  • Equity Trustees to acquire Zurich's Australian superannuation trustee

    EQT Holdings Limited (ASX: EQT), the holding company for Equity Trustees, today announced it had signed an agreement with Zurich Australia to purchase its superannuation trustee, Zurich Australian Superannuation Pty Limited (ZAS).

    EQT Holdings Limited (ASX: EQT), the holding company for Equity Trustees, today announced it had signed an agreement with Zurich Australia to purchase its superannuation trustee, Zurich Australian Superannuation Pty Limited (ZAS).

    ZAS is the superannuation trustee for the Zurich Master Superannuation Fund, which has approximately $1bn in funds under trusteeship and 18,000 members across traditional, accumulation and pension products.

    The acquisition will expand Equity Trustees’ superannuation business, and cement its position as the leading provider of specialist independent superannuation trustee services in Australia.

    ZAS will be acquired for $6.2 million, funded from existing liquidity and debt facilities. The purchase price approximates net assets, which is essentially cash, meaning the net funding impact will be immaterial once the cash is used to repay the short term funding requirement.

    “With 130 years’ experience as a specialist trustee, Equity Trustees will ensure the trustee responsibilities safeguarding the interests of Fund members are maintained at the highest standards, which includes looking for ways to improve member outcomes,” said Mick O’Brien, Managing Director.

    “We appreciate that 18,000 members have their current and future retirement hopes invested in this Fund and we look forward to being the trustee of the Fund.

     “The acquisition strengthens our existing relationship with Zurich, and is an example of the growing demand in the superannuation sector to establish structural independence and reduce the possibility of conflicts of interest via use of an independent external trustee,” Mr O’Brien said.

    The acquisition is subject to certain conditions precedent. Completion is expected next month (March 2019), and subsequently it is intended that the trustee role for the Fund will be transferred from ZAS to Equity Trustees Superannuation Limited, our existing Registrable Superannuation Entity (RSE) licensee holder and specialist superannuation trustee provider.

    Download the full ASX Announcement here


    Further information

    Media

    Alicia Kokocinski

    Senior 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, Bendigo, Sydney, Brisbane, Perth and London.

  • Equity Trustees Strong Performance Continues

    Profit and dividends lift in December half as new growth opportunities emerge

    PROFIT and DIVIDENDs LIFT IN DECEMBER HALF As NEW GROWTH OPPORTUNITIES EMERGE

    • Net profit after tax attributable to shareholders up 17.3% to $11.2 million
    • Basic earnings per share up 16.1% to 55.13 cents
    • Dividend per share up 4 cents (10%) to 44 cents per share
    • Pre-tax operating cash flow up 28.6%
    • Balance sheet remains strong, with debt reduced by 20%
    • Equity Trustees’ specialist trustee model aligns to the broad themes and findings of the Royal Commission, and provides further opportunities

    EQT Holdings Limited (ASX: EQT), the holding company for Equity Trustees, today announced another strong result with net profit after tax attributable to shareholders up 17.3% to $11.2 million for the half year to 31 December 2018.

    Revenue increased 7.2% to $46.3 million while expenses were contained to a 3.0% increase. Funds under management, administration and supervision were down slightly to $77 billion, principally reflecting the market downturn.

    Chairman Jeff Kennett said it was a strong result that demonstrated the success of EQT’s business model.

    “The longstanding focus of Equity Trustees on trust and governance is standing us in good stead in the current financial services environment,” he said.

    “The industry upheaval is favouring our business model, and the Royal Commission findings are aligned with our strategy.

    “This is an excellent result for shareholders, but also delivers for all our stakeholders.”

    Managing Director Mick O’Brien said the combination of organic growth and expansion through acquisitions and partnerships was underpinning the group’s consistent performance.

    “Our Australian businesses performed well, and our Ireland expansion program is on track, winning some significant clients and showing improving growth in the UK and Ireland,” he said.

    “Our strategy to focus on being Australia’s leading specialist trustee company is delivering and we are making good progress on all of our T4 targets, which track our performance in terms of clients, employees, shareholders and the community.

    “The outlook is encouraging for the remainder of FY19 and beyond, with attractive industry fundamentals and a substantial and growing pipeline of opportunities, noting that volatility in investment markets will to continue to have an effect on earnings.

    “The challenge now is to ensure we have the resources and capability to manage that growth, so we are selectively increasing our investment in people and technology to achieve this.

    “Our specialisation in fiduciary services, combined with targeted investment for the future, ensure that EQT remains well positioned for continued growth.”

    Download the full ASX Announcement here


    Equity Trustees was established in 1888 to provide independent and impartial trustee and executor services to help families throughout Australia protect their wealth. As Australia’s leading specialist trustee company, Equity Trustees offers a diverse range of services to individuals, families and corporate clients including asset management, estate planning, philanthropic services and responsible entity services for external fund managers. Equity Trustees is the brand name of EQT Holdings Limited (ABN 22 607 797 615) and its subsidiary companies. EQT Holdings Limited is listed on the Australian Securities Exchange (ASX: EQT) and has offices in Melbourne, Bendigo, Sydney, Brisbane, Perth and London.

    Further information

    Media

    Alicia Kokocinski

    Senior 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 5133

    mobrien@eqt.com.au                               pgentry@eqt.com.au

  • Equity Trustees expands Superannuation Trustee Office with new senior appointment

    Australia’s leading specialist trustee company Equity Trustees has appointed a new senior client management professional to its expanding national Superannuation Trustee Office.

    Australia’s leading specialist trustee company Equity Trustees has appointed a new senior client management professional to its expanding national Superannuation Trustee Office.

    Based in Melbourne, the latest appointment further strengthens the depth of experience in the complex area of superannuation trusteeship – the role with primary responsibility to look after member interests and provide oversight of superannuation funds.

    David Warren joined Equity Trustees in February and brings 30 years’ experience in wealth management and life insurance, as well as experience in Board directorships and trustee positions. His background includes roles at AustralianSuper, AMP – where he held roles responsible for product development and management and insurance, and AXA.

     “Demand for our independent superannuation trustee is growing steadily and David’s experience in management of a diverse range of large scale funds and products, as well as his experience in the management of underlying investment functions is an excellent addition to our expanding team,” said Mark Blair, General Manager of the Superannuation Trustee Office.

    “In addition, he has excellent working knowledge and experience working within the relevant legislative and regulatory frameworks and understands the requirements of all parties involved in managing superannuation funds prudently. These are essential qualities for a superannuation trustee in recognition of our critical role in ensuring integrity and trust in the system and protection for the millions of people who have their current and future retirement hopes invested in it.

    David is a Fellow of the Institute of Actuaries of Australia and holds a Bachelor of Commerce from the University of Melbourne.

    “We are delighted to have secured someone of David’s experience and welcome him to Equity Trustees,” Mr Blair concluded.

    Download the full Media Release here


    MEDIA INQUIRIES

    Alicia Kokocinski

    Senior Manager – Marketing & Communications         

    03 8623 5396 / 0403 172 024

    akokocinski@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 Superannuation Limited (ABN 50 055 641 757) AFSL 229757is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane, Perth and London.

  • Equity Trustees appointed trustee and RE to Federation Alternative Assets Trust

    Federation Asset Management (Federation) has appointed Australia’s market leading independent funds governance specialists, Equity Trustees, to act as trustee and responsible entity of the Federation Alternative Assets Trust.

    Federation Asset Management (Federation) has appointed Australia’s market leading independent funds governance specialists, Equity Trustees, to act as trustee and responsible entity of the Federation Alternative Assets Trust.

    Launching in September last year, the investment firm has their sights set on being on Asia-Pacific’s leading investor in renewable energy, health, education, real estate and companies with strong growth potential.

    “As a new firm, with plans to invest in innovative growth areas, they need to put all their focus into building the investment strategy and the business and reaching out to investors that share their vision,” said Harvey Kalman, Executive General Manager, Corporate Trustee Services, Equity Trustees.

    The fund targets three asset classes – private equity, real estate and renewable energy. Investors have the flexibility to invest within or across asset classes.

    Since opening their doors in September 2018, Federation has seen strong interest from both domestic and offshore investors: “We bring together significant capability and experience in sourcing and managing investments in areas we believe in, as well as being smart investment choices,” said Cameron Brownjohn, Chief Executive Officer, Federation.

    “Ultimately our vision is to use our skills and expertise to not only generate strong returns for our investors, but also help grow the production of clean energy, to build a better community and to improve the health, education and living conditions of future generations,” he said.

    Mr Kalman concluded: “With 20 years’ experience, Equity Trustees takes care of the compliance and regulatory work, bringing an enhanced capability to ensure  the trust is launched smoothly and within the required legal and regulatory framework, so that investors who choose Federation can have the certainty that their investment is secure and appropriately supervised. We’re excited to be partnering with Federation and their vision.”

    Download the full Media Release here


    MEDIA INQUIRIES

    Alicia Kokocinski

    Senior Manager – Marketing & Communications         

    03 8623 5396 / 0403 172 024

    akokocinski@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. Estate planning services are provided by EQT Legal Services Pty Ltd (ABN 32 611 391 149). Estate and Trust Administration services are provided by Equity Trustees Limited (ABN 46 004 031 298) AFSL 240975 and Equity Trustees Wealth Services Limited (ABN 33 006 132 332) AFSL 234528. These companies are part of the EQT Holdings Limited (ABN 22 607 797 615) group of companies, listed on the Australian Securities Exchange (ASX:EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane, Perth and London.


  • Get your paperwork in order for 2019

    The annual new year clean out and declutter is well under way – and Australia’s leading specialist company Equity Trustees is recommending that everyone includes a tidy-up of some key paperwork in the process.

    The annual new year clean out and declutter is well under way – and Australia’s leading specialist trustee company Equity Trustees is recommending that everyone includes a tidy-up of some key paperwork in the process.

    “With 130 years’ experience of managing people’s estates and estate planning, we can say for sure that getting your Will and estate plan up-to-date will make you feel more organised and in charge of your 2019,” said Stephen Hardy, National Manager of Estate Planning for Equity Trustees.

    “Even better – it is something you can and should leave in the hands of a specialist in this area – so you don’t have to do all the heavy lifting, you just need to be clear about a few key things before your appointment with your estate planning  lawyer and they will do the rest.”

    The main estate planning documents you need to make sure are up-to-date include your Will and powers of attorney. These will contain your instructions including who you appoint as executor, nominating guardians if you have children,  how your assets should be distributed, and who will make decisions if you lose capacity.

    “The main thing is to ensure your documents are up to date, legally valid, and reflect your current family and financial circumstances,” said Mr Hardy. “Things change over a year – now is the time to reflect on what that might mean for your estate plan.

    “And if you don’t have at least a valid current Will, you should get one. If you have children, a superannuation fund, own a house or any other assets, then you need to have a Will. Getting your Will is not something you should postpone – you never know when it might be needed. Your family will thank you for being organised if they are in the unfortunate circumstances of losing you – they will already have a lot to deal with if that happens,” he said.

    Mr Hardy urged everyone to make an appointment with an estate planning lawyer – and make the most of the appointment by preparing with the following five questions in mind:

    1.         Who should benefit (and why)?

    Determine who you want to leave something to – and those you don’t want to leave anything to. Think about who you are responsible for, financially or otherwise.  

    2.         Who to appoint?

    Decide who you want to appoint to specific roles, including executor of the Will, and any powers of attorney, and have a conversation with them. Have a ‘back up’ plan if they can’t or won’t do it

    3.         Who gets what?

    List your assets (and liabilities) – especially the (financially or emotionally) important ones. A list also helps your executor know where and what everything is. 

    4.         What’s changed in the past 12 months?

    Review any changes that have occurred in the past year, and ask your adviser if it means you need to update your Will. 

    5.         Are my  documents in order?

    Make sure all your documentation is accessible. This includes bank accounts, mortgage and insurance information, trust deeds, birth, marriage and divorce certificates, superannuation, and details of any investments.

    “If you can give some thought to these five questions, you will be well prepared. Once your documents are completed and up to date, you get peace of mind that your documents are legally valid, current and will do what you need them to do, and your family is secure knowing that you have taken care of things.

    “That’s a great start to the year,” Mr Hardy concluded.

    Download the full Media Release here


    MEDIA INQUIRIES

    Alicia Kokocinski

    Senior Manager – Marketing & Communications         

    03 8623 5396 / 0403 172 024

    akokocinski@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. Estate planning services are provided by EQT Legal Services Pty Ltd (ABN 32 611 391 149). Estate and Trust Administration services are provided by Equity Trustees Limited (ABN 46 004 031 298) AFSL 240975 and Equity Trustees Wealth Services Limited (ABN 33 006 132 332) AFSL 234528. These companies are part of the EQT Holdings Limited (ABN 22 607 797 615) group of companies, listed on the Australian Securities Exchange (ASX:EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane, Perth and London.


  • Equity Trustees appoints new Chief Risk Officer

    Australia’s leading specialist trustee company, Equity Trustees today announced the appointment of Owen Brailsford as Chief Risk Officer.
    Australia’s leading specialist trustee company, Equity Trustees today announced the appointment of Owen Brailsford as Chief Risk Officer.

    Owen commences at Equity Trustees in February 2019 and was selected following a rigorous recruitment process to ensure the company found the best match to oversee the critical risk and compliance function for the independent trustee.

    He previously led the Risk and Compliance team at Australia’s largest corporate superannuation fund, TelstraSuper.

    “Owen brings 20 years of international experience in risk management and regulatory roles in the superannuation, pensions and insurance industries,” said Mick O’Brien, Managing Director.

    As at 30 June 2018 Equity Trustees had more than $86 billion of funds under management, administration or supervision as a professional trustee. This ranges from trusts for individuals and families, charities, indigenous communities, corporates and fund managers and superannuation funds.

    “With trust central to our success, Owen’s experience will be integral to ensuring we maintain the highest standards of risk and compliance across all of our services. This is even more important in today’s heightened risk environment across all sections of the financial services industry,” Mr O’Brien said. 

    Owen’s background includes roles at the Australian Prudential Regulation Authority (APRA), Prudential PLC and RSA Insurance (both UK) and a risk management advisory role at KPMG.

    Download the full Media Release here


    Media inquiries

    Alicia Kokocinski

    Senior Manager – Marketing & Communications         

    03 8623 5396 / 0403 172 024

    akokocinski@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, Bendigo, Sydney, Brisbane, Perth and London.

  • EQT Holdings Ltd Announces new Board Director:
    Tim Hammon

    EQT Holdings Limited (ASX: EQT) is pleased to announce the appointment of a new non-executive director Tim Hammon, effective 1 December 2018.

    EQT Holdings Limited (ASX: EQT) is pleased to announce the appointment of a new non-executive director Tim Hammon, effective 1 December 2018.

    EQT Chairman Jeff Kennett said: “Tim comes to Equity Trustees with an excellent mix of experience aligned with the responsibilities that come with being on the Board of a 130 year old Australian company which was built on a foundation of trust.”

    Mr Hammon was the CEO of Mutual Trust Pty Ltd, from 2007 to 2017, building the business to become a leading Australian multi-family office servicing high net worth clients, and prior to that, in leadership positions with Coles Myer Ltd for 11 years. He began his career in law with Mallesons Stephen Jaques and was a partner at the firm for 12 years (1984 – 1996) after graduating in law and commerce at the University of Melbourne.

    He has held Board positions with not for profit organisations, the Abbotsford Convent Foundation and St Catherine’s School and is an Ambassador for the fund raising campaign for the Aikenhead Centre for Medical Discovery. Mr Hammon is currently on the Board of shopping centre development company Vicinity Centres, a listed REIT.

    “The mix of commercial, not for profit, and legal expertise will strengthen and diversify the experience around the Board table of Equity Trustees and support the development of Australia’s leading specialist trustee company.”

    Mr Kennett said Mr Hammon’s appointment to the EQT Board is part of the Company’s structured approach to Board succession and planning, and integral to EQT’s strategy as Australia’s leading specialist trustee company.

    Download the Full ASX Announcement 


    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, Bendigo, Sydney, Brisbane, Perth and London.

    Further information

    Media

    Alicia Kokocinski

    Senior Manager Marketing and Communications

    +61 403 172 024

    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

  • Viertel Foundation Awards $3.75M in Three Medical Fellowships

    $3.75 million has been awarded to three mid-career Australian researchers through the prestigious annual Sylvia and Charles Viertel Charitable Foundation Senior Medical Research Fellowships in association with Bellberry.

    funding australian talent and innovation in medical science

    $3.75 million has been awarded to three mid-career Australian researchers through the prestigious annual Sylvia and Charles Viertel Charitable Foundation Senior Medical Research Fellowships in association with Bellberry.

    In 2018 the grants will support projects in immunology therapies to fight cancers and disease, and measures to transform the health of Aboriginal young people.

    The 2018 Senior Medical Research Fellows are:

    1. Dr Kim Jacobson, Monash University’s Biomedicine Discovery Institute
    2. Dr Laura Mackay, University of Melbourne, Peter Doherty Institute for Infection and Immunity (Doherty Institute)
    3. Associate Professor James Ward, South Australian Health and Medical Science Institute and Flinders University, Adelaide

    (See following pages for details on each)

    Jodi Kennedy, General Manager of Charitable Trusts and Philanthropy, said Equity Trustees valued the partnership with fellow trustees Justice Debra Mullins (Chair), Rex Freudenberg, and Paul de Silva: “We are committed to supporting the objectives of the Viertel Foundation, and honoured to be a trustee of one of Australia’s largest charitable foundations which distributes around $8 million annually.

    “It is a privilege to work with our fellow trustees. Some of them knew and worked with Charles Viertel until he passed away in 1992, leaving this Trust to continue to support the causes he cared so much about during his life,” Ms Kennedy said.

    Each Fellow will receive $1.25 million ($250,000 per year for five years) to support the critical work of Australia’s most outstanding mid-career researchers and continue the development of their expertise.  For the third year, Bellberry Limited has funded an additional joint Bellberry-Viertel Fellowship to the same value.

    Of the two Viertel Fellowships funded directly by the Foundation, one is awarded to a woman and one to a man as part of the Foundation’s commitment to encouraging excellence and gender equality in the fields of medical and scientific research.

    Professor Peter Leedman, Chairman of the Viertel Foundation’s Medical Advisory Board, revealed that the 2018 candidates were a very strong and closely matched high quality field representing very different disciplines, making the decision of selecting three from the six finalists extremely challenging.

    “We really saw the depth and breadth of scientific research in Australia and it was truly inspiring. Every candidate is worthy of support for their research into areas which will have a critical impact on advancing health outcomes for Australians and the world,” he said.

    Bellberry CEO, Kylie Sproston said: “There are relatively few opportunities like this in Australia – offering stability for a research endeavour for five years. If we want to have a vibrant future for medical research in Australia, we need to provide grants that support mid-career researchers to build their teams and deliver the outcomes they are working so hard to achieve – whether it’s a new approach to cancer therapies or interventions to get better health outcomes for our First Australians.”

    “This Foundation is a classic example of the power of philanthropy to fund incredibly worthwhile initiatives that have a real impact on our community,” concluded Ms Kennedy.

    In addition, five clinical investigation scholarships were awarded, each of $85,000 for one year to:

    1. Dr Claudia de Bella (University of Melbourne)
    2. Dr Gareth Gregory (Monash University)
    3. Dr Piero Perucca (Monash University)
    4. Dr Charlotte Slade (Melbourne Health)
    5. Dr Craig Wallington-Beddoe (Flinders University)

    Click the link for more about the Sylvia and Charles Viertel Charitable Foundation and Bellberry.

     Download the Full Media Release here

     Download the Fellowship Research Summaries and Candidate Background document here


    Media inquiries

    Alicia Kokocinski

    Senior Manager Marketing & Communications   

    03 8623 5396 / 0403 172 024

    akokocinski@eqt.com.au

    Equity Trustees

    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, including Equity Trustees Wealth Services Limited (ABN 33 006 132 332) AFSL 234528. EQT is a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane, Perth and London.

  • Equity Trustees Enables Native Title Group To Take On $5M Far West Coast Community Trust

    Equity Trustees and The Far West Coast Aboriginal Corporation today announced that trusteeship of a Native Title Trust established in 2010 will be handed over to the local Aboriginal corporation’s subsidiary company Far West Coast Investments Pty Ltd.

    Equity Trustees enables native title group to take on $5m far west coast community trust

    Equity Trustees and The Far West Coast Aboriginal Corporation today announced that trusteeship of a Native Title Trust established in 2010 will be handed over to the local Aboriginal corporation’s subsidiary company Far West Coast Investments Pty Ltd.

    It is a clear acknowledgment by Equity Trustees that Far West Coast Investments has now has built the capacity and expertise to manage the Trust and the trustee obligations through their successful management of the economic development initiatives and other trustee services on behalf of the Far West Coast Peoples.

    Both organisations worked together to make it possible, culminating in Equity Trustees signing the Deed of Retirement as trustee of the Far West Coast Community Trust and appointing  Far West Coast Investments as the new trustee.

    The Far West Community Trust was established from the Iluka mine to alleviate the poverty, distress and misfortune of the members of the Far West Coast community. This is the first time the Trust will be fully controlled and managed by the community it was set up to benefit.

    Equity Trustees will remain connected to the Trust, providing trustee support and advice to ensure a smooth transition, and assisting the new Trustee manage their investment portfolios.

    ”This development sets up the Native Title group to manage two charitable trusts established to benefit the Far West Coast peoples empowering the community to have greater control of Trustee processes and the future of their community,” explained Ian Westley, Executive General Manager, Trustee and Wealth Services, Equity Trustees..

    “We look forward to continuing to work with the new trustee to ensure the native title benefits are invested in the best possible way to ensure this community is set up to maintain self-sufficiency beyond the life of the mine and receipt of other native title benefits,” he said.

    This development will enable the organisation to build a more diversified and sustainable financial future.

    Gavin Peel, Chairman of the Far West Coast Aboriginal Corporation said: “It’s a great milestone for the Far West Coast Community Trust – and for Equity Trustees. Our organisation will now manage all our trusts in-house. I thank our CEO Ljuba Mojovic, Equity Trustees and Far West Coast Investments for this result which will deliver a better outcome for the community.”

    Mr Mojovic added: “It’s a fantastic outcome for the group which will deliver an increase in funds available as a consequence of the reduction of management costs and rebalancing of the investment portfolios to create additional revenues.”

    “I acknowledge the amazing work done by Equity Trustees in growing the Trust and look forward to our continued relationship. This is a great outcome that will enable the corporation to be more sustainable and distribute more assistance through the charitable programs for the sole benefit of our members.”

    April Lawrie, Chairperson of the new trustee, Far West Coast Investments added: “Far West Coast Investments is pleased to be appointed. It will help us acquire new skills and grow as a diversified investments organisation. We thank both our shareholder and Equity Trustees for their support.”

        Download the Full Media Release here


    Media inquiries

    Alicia Kokocinski

    Senior Manager Marketing & Communications   

    03 8623 5396 / 0403 172 024

    akokocinski@eqt.com.au

    Equity Trustees

    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, including Equity Trustees Wealth Services Limited (ABN 33 006 132 332) AFSL 234528. EQT is a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane, Perth and London.

    Far West Coast Aboriginal Corporation

    Far West Coast Aboriginal Corporation RNTBC manages the Far West Coast land, recognised in law (a Determination) as belonging to the Far West Coast Peoples in the Federal Court Determination for Native Title on the 5th of December, 2013. The Far West Coast Aboriginal Corporation is one of South Australia’s most progressive Aboriginal Corporations with a 9b Agreement with Iluka Resources, the mining company that operates the Jacinth Ambrosia mine. The corporation owns a portfolio of trusts and companies that it manages for the benefit of its membership of over 1500 members. More information on www.fwcac.org.au


  • Equity Trustees Commits $750, 000 Over 3 Years to NGV Kids

    The Equity Trustees managed Truby and Florence Williams Charitable Trust, has committed $750,000 over the next three years to the NGV Kids program which provides the link between major National Gallery of Victoria (NGV) exhibitions and young culture vultures.


    GRANT  ANNOUNCEMENT: TRUBY AND FLORENCE WILLIAMS CHARITABLE TRUST

    The Equity Trustees managed Truby and Florence Williams Charitable Trust, has committed $750,000 over the next three years to the NGV Kids program which provides the link between major National Gallery of Victoria (NGV) exhibitions and young culture vultures.

    This new commitment builds on the Trust’s initial funding in 2013 of $1.95m over five years towards the development of NGV Kids. This transformative funding supported the establishment of the NGV’s permanent children’s gallery space, dedicated children’s programs and curatorial staff, the publication of fourteen children’s art books, the popular Art Party event for teens, as well as commissioning thirteen major exhibitions for families and young people, including the upcoming Julian Opie: Studio for Kids.

    “When he died in 1941, Truby left an estate valued at more than £400,000,” said Jodi Kennedy, General Manager, Charitable Trusts and Philanthropy, Equity Trustees. “Half of the net estate was used to establish the Trust, which has been managed by Equity Trustees since and is now worth $19 million, and continues to this day distributing its income to a variety of Victorian organisations, including the NGV program.”

    NGV Director Tony Ellwood AM said: “The NGV Kids program has provided unique accessibility to the arts for many Victorian children and this new commitment ensures that we can continue this incredible work. Since 2013, the number of children visiting the gallery has increased by 35%, with 314,305 children visiting the gallery with their families in the last financial year, and we are excited to welcome even more young people into the Gallery in the future.

    “High-impact grants from the Truby and Florence Williams Charitable Trust and Felton Bequest support inspiring cultural change and provide an enormous benefit to the arts and the wider community,” Mr Ellwood said.

    Born in 1866 in Melbourne, Ernest Edward Truby Williams was an investor who spent most of his time travelling throughout Australia and overseas. He kept a meticulous log-book of all his travels, from Florence in 1897 (the same year he married his wife, also named Florence) to India in 1937, by which time he was 71 years old.

    “Aside from his obvious passion for travel, Truby was also keenly interested in the arts and the burgeoning field of motor vehicle technology,” explained Ms Kennedy. “He also left money to the University of Melbourne, five Melbourne public hospitals, two technical colleges and an aged care home.

    “Our role as executor and trustee was to ensure his wishes were carried out and the intent he had for his legacy continues forever.”

    The Trust is one of more than 600 managed by Equity Trustees, which distributes a combined total of between $70 million and $80 million annually to charitable causes and programs.

    Managing Director Mick O’Brien said: “The task is enormous but the privilege is even greater. Our team must understand the intentions of those who are no longer with us and distribute grants accordingly to make the maximum impact as well as assist those who could just be the next Truby and Florence Williams to sow the seeds of their philanthropic legacy today.”

    Find out more about Truby and Florence Williams here and the NGV Kids program here.

    Download the full Media Release here


    Media inquiries:

    Alicia Kokocinski

    Senior Manager – Marketing & Communications

    03 8623 5396 / 0403 172 024

    akokocinski@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.

    Philanthropy services are provided by Equity Trustees Limited (ABN 46 004 031 298, AFSL 240975) and Equity Trustee Wealth Services Limited (ABN 33 006 132 332, AFSL 234528), both companies are part of EQT Holdings Limited (ABN 22 607 797 615), a public company listed on the Australian Securities Exchange (ASX: EQT).


    .

     

  • Expert Wicking Trust panel examines the 'wicked problem' of aged care

    Experts in aged care from around Australia and New Zealand came together this week to question the “wicked problem” of aged care in light of the forthcoming Royal Commission.

    Experts in aged care from around Australia and New Zealand came together this week to question the “wicked problem” of aged care in light of the forthcoming Royal Commission.

    Managed by Equity Trustees, one of Australia’s most significant charitable trusts, the Wicking Trust, hosts an annual symposium bringing together leading researchers in the areas of dementia and ageing. This year the symposium held in Melbourne and featuring the expert panel, heard that the Royal Commission offers opportunities for aged care.

    “As a trustee with 130 years’ experience working with people as they age, we are all too aware of the vulnerability that comes with ageing,” said Ian Westley, Executive General Manager, Equity Trustees. “While we support people to control their financial assets and step in to protect their interests when they cannot, we also see just what can occur when people try to take advantage of frail aged people.

    “Equity Trustees is proud to play our role in protecting individuals where we can – but also in managing the philanthropic legacy of John and Janet Wicking. It is their generosity that make it possible for the best minds in research, dementia and ageing to come together to discuss these critical issues at the forefront of public discussion right now.”

    Panel moderator Ian Hardy said 240,000 older Australians were placed in residential aged care, and 97,500 people were in receipt of a home care package in 2016/2017, with the numbers increasing each year.

    “The Royal Commission is an opportunity for Australian society to have a conversation about what kind of aged care system we want in the future and what we are willing to pay for it,” he told the audience.

    The Royal Commission Terms of Reference have recognised the importance of building a national culture of respect for ageing and older persons.

    The panel heard issues for the Royal Commission include funding, compliance and workforce. It heard that older people would benefit from improved connections and co-ordination between State and Federal services, aged care providers, families and caregivers.

    The panel members were:

    • Ian Hardy AM, CEO of Helping Hand Aged Care in South Australia and Wicking Trust member
    • Psychogeriatrician Dr Duncan McKellar, from the Northern Adelaide Local Health Network, co-author of The Oakden Report and clinical lead of the Oakden reform process for SA Health.
    • Professor Margaret O’Connor AM, Emeritus Professor of Nursing at Monash University and Wicking Trust member
    • Associate Professor Amy Brodtmann, clinical researcher at the Florey Institute and Wicking Trust member; and
    • Professor John Braithwaite, founder of the Regulatory Institutions Network (RegNet) at ANU.

    The symposium heard that aged care – in the community, in residential care and in hospital, was often fraught for families. It is difficult for the balance between the health care and social needs of elderly people to be met.

    Dr McKellar said people with complex clinical needs resulting from severe to extreme behavioural and psychological symptoms of dementia may be excluded from mainstream aged care. He said he hoped the Royal Commission would understand this small but significant population have specialist needs that need to be considered in the broader service context.

    “Just because they are difficult to care for doesn’t reduce their value as people. They are someone’s mother or father,” he said.

    “As a society we share an investment in getting this right because it is our future as well”.

    Professor O’Connor said a robust system would look at the staff skill and staff mix, with a professional workforce that is responsible and accountable.

    The panel heard that the role of GPs in attending patients in residential care also needs to be examined.

    Associate Professor Brodtmann said a mix of people is needed to take care of aged people.

    “It is extremely difficult to attract people to this sector. We need to find incentives, including financial, and take away the stigma of aged care,” she said.

    Professor Braithwaite said regulation of the sector, including regular inspections, was important. He said it was hard for people to navigate a market driven system to know what quality of care was being provided. He encouraged families to consider respite care to test quality for their relatives.

    The panel agreed that a change in community attitude to aged care was needed.

    “We do need to champion a positive view of aged care and aging. We can bring about positive changes and set high standards, even for really difficult challenges like caring for the aged with dementia,” Dr McKellar said.

    The panel encouraged the Royal Commission not to focus on “how bad” aged care is, but to ask “how can we best deliver services to the elderly who require care?”

    “We should be having a national conversation about what makes for a good old age and how this can be supported until death,” Mr Hardy said.

    Download the Media Release here


    Media inquiries

    Alicia Kokocinski

    Senior Manager Marketing & Communications    

    03 8623 5396 / 0403 172 024

    akokocinski@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, Bendigo, Sydney, Brisbane, Perth and London.

    Philanthropy services are provided by Equity Trustees Limited (ABN 46 004 031 298, AFSL 240975) and Equity Trustee Wealth Services Limited (ABN 33 006 132 332, AFSL 234528), both companies are part of EQT Holdings Limited (ABN 22 607 797 615), a public company listed on the Australian Securities Exchange (ASX: EQT).

  • Equity Trustees appoints experienced Asset Management leadership

    Australia’s leading specialist trustee company, Equity Trustees today announced new leadership of its in-house asset management function following a review earlier this year.

    Australia’s leading specialist trustee company, Equity Trustees today announced new leadership of its in-house asset management function following a review earlier this year.

    Darren Thompson will take up the position of Head of Asset Management, and Chris Haynes the position of Head of Australian Equities, on 1 October 2018.  They will be based in Melbourne and bring decades of experience in managing large-scale portfolios and delivering excellent investment returns to clients.

    “We’re delighted to announce these appointments following a deep analysis of how Equity Trustees can deliver the best outcomes for clients who entrust us with their funds, and rely on us for income from those funds,” said Mick O’Brien, Managing Director, Equity Trustees.

    “Darren co-founded Northward Capital in 2007 after moving from IAG Asset Management. He brings to Equity Trustees 30 years’ experience and proven success in the evaluation, structuring and execution of investments, leveraging analytics and commercial insight to deliver excellent investment returns to clients.

    “Chris brings over 25 years’ experience in investment and portfolio management. His proven track record of consistently over benchmark results as well as his people management and team building skills ensures a positive injection of talent to our business,” Mr O’Brien said.

    The pair, who have worked together since 2013, will be responsible for the management and development of the Equity Trustees’ asset management business, responsible for $3.6 billion of FUM.  Funds are managed in a customised manner to deliver to trustee clients’ specific investment needs.

    “As a contemporary trustee company we must constantly adapt to the changing needs of our clients and markets. We have built our success over 130 years, and these appointments reflect our commitment to continue to invest in our asset management capability for the benefit of our clients,” said Mr O’Brien.

    “Equity Trustees has a long and distinguished history of focussing on client needs,” said Mr Thompson. “Chris and I are excited by the opportunity to build on these foundations and apply our expertise and performance-focus to provide bespoke investment solutions across a diverse range of client and beneficiary requirements.”

    Mr O’Brien added: “Equity Trustees has been fortunate to have committed leadership in the asset management team as we went through the review period, resulting in maintenance of portfolio performance. It provides a solid foundation for the new leadership who will bring their unique energy and outlook to the asset management team.

    “Darren and Chris bring outstanding capability and expertise to our team and I look forward to introducing them to our clients.”

    Biographies

    Darren Thompson

    Bachelor of Economics, Accounting (ANU)

    Diploma of Financial Services, Financial Markets Australian Financial Markets Association

    Diploma of Financial Planning, Kaplan

    Darren is an entrepreneurial Investment Director & Portfolio Manager with 30 years’ experience. Committed to the development of robust investment methodologies, driving targeted investment return and business growth, Darren is a performance focussed Australian equities leader who has delivered more than 11% p.a. portfolio return over the past 14 years. He arrives at Equity Trustees with broad general management skills and a proven success leading strategy, finance, operations & people management activities.

    Darren co-founded boutique investment firm Northward Capital in 2007, growing the business to a peak of ~$3billion FUM, and held the roles of CEO and CIO. Before Northward, Darren held roles at Insurance Australian Group (IAG) Limited (Co-Head of Equities), Deutsche Bank, and Burdett Buckeridge Young (BBY).

    Chris Haynes

    Bachelor of Commerce UNSW (Accounting, Finance and Systems)

    Member of the Institute of Chartered Accountants

    Diploma of Financial Planning

    Chris brings over 25 years investment and portfolio experience. He has a proven track record of consistently above benchmark results for his Australian equities portfolio management as well as an impressive reputation for team building and staff motivation. This he established through a career working at Concord Capital Pty Ltd, Northward Capital Ltd, Lend Lease Pty Ltd, and Bankers Trust Australia Limited.

    Chris jointly established and managed Concord Capital Pty Ltd from inception in 1999 through to its sale in 2010. During this time, Chris managed the growth of funds under management from $100m to over $6.5 billion, delivering consistent top quartile returns above benchmark. On its sale to Invesco Australia Ltd, Chris held the position of Head of Equities/Portfolio Manager managing the Australian Equities Portfolio.

    Download the full Media Release here


    Media inquiries:

    Alicia Kokocinski
    Senior Manager – Marketing & Communications
    03 8623 5396 / 0403 172 024
    akokocinski@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, Bendigo, Sydney, Brisbane, Perth and London.


  • Latest listed investment trust demonstrates renewed market interest

    The listing on the ASX this morning of Neuberger Berman’s NB Global Corporate Income Trust (ASX:NBI) is another sign of the growing popularity of listed investment trust (LIT) structures, according to Australia’s leading specialist corporate fiduciary, Equity Trustees.

    The listing on the ASX this morning of Neuberger Berman’s NB Global Corporate Income Trust (ASX:NBI) is another sign of the growing popularity of listed investment trust (LIT) structures, according to Australia’s leading specialist corporate fiduciary, Equity Trustees.

    Equity Trustees is the responsible entity and issuer of the NB Global Corporate Income Trust’s A$413 million LIT.

    The attractiveness of this particular LIT structure is that it aims to provide a regular income stream to investors while maintaining a strong emphasis on capital preservation. As the population ages and more move into retirement phase, this is an important factor when making investment choices.

    Just as critical is ensuring the independent responsible entity and issuer has the reputation investors can trust.

    “One of the benefits to investors of a LIT structure is the certainty it provides in respect of distributions – in this case paid in monthly instalments,” said Harvey Kalman, Executive General Manager. Corporate Trustee Services, Equity Trustees.

    “The reason we don’t see more of these kind of structures in the market is that they require a big commitment up front by a number of parties to establish. But given the keen investor and broker interest in this Trust and the IPO today, we’re confident there will be more to come.”

    Neuberger Berman is one of the world’s leading private, independent, employee-owned asset management groups and manages more than US$300 billion in client assets (as at 30 June 2018) across a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally. It has been in Australia since 2007 and has 20 offices globally.

    “Having established the trust, the task now is to take care of all the operational governance and compliance obligations while the investment manager, Neuberger Berman, focus on the investment strategy.

    “Equity Trustees is an independent responsible entity, so investors and the investment manager are assured of efficient and effective service and oversight by the market leading provider,” Mr Kalman concluded.

    Law firm Corrs acted for Neuberger Berman and Equity Trustees in a team that included Boardroom (unit registry), Pitcher Partners (tax adviser), PwC (scheme auditor and compliance plan auditor) and JP Morgan (custodian and fund administrator).

    Download the full Media Release here


    Media inquiries:

    Alicia Kokocinski
    Senior Manager – Marketing & Communications
    03 8623 5396 / 0403 172 024
    akokocinski@eqt.com.au

    Equity Trustees Limited (“Equity Trustees”) (ABN 46 004 031 298), AFSL 240975, is the Responsible Entity for the Neuberger Berman’s Global Corporate Income Trust (ARSN: 627 297 241). Equity Trustees is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT). This publication has been prepared to provide you with general information only. In preparing this publication, we did not take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Neither Equity Trustees nor any of its related parties, their employees or directors, provide and warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. Past performance should not be taken as an indicator of future performance. You should obtain a copy of the Product Disclosure Statement (PDS) before making a decision about whether to invest in this product. The PDS can be obtained from www.nb.com/NBI or by calling 61 2 8023 5419. Copyright © 2018 Equity Trustees, All rights reserved.


  • Video Wills can put estates in jeopardy, says Equity Trustees

    A recent Court case in Western Australia has demonstrated the problems and risks of recording yourself on video outlining your instructions and wishes in the hope that it might be interpreted as your last intended Will.

    A recent Court case in Western Australia has demonstrated the problems and risks of recording yourself on video outlining your instructions and wishes in the hope that it might be interpreted as your last intended Will.

    In a recent Western Australian case*, the Supreme Court was asked to accept 4 videos made by Peter Pitman in 2011, 5 years before he died, as his last intended Will.

    “In this case,” explained Stephen Hardy, National Manager of Estate Planning for Equity Trustees, “the Court was not persuaded that the videos were a ‘complete’ expression of Mr Pitman’s intentions regarding the distribution of his estate after his death, and concluded that Mr Pitman’s actions did not demonstrate that he intended the videos to be his last Will. As the Court did not accept the videos as Mr Pitman’s Will, Mr Pitman’s estate was to be distributed in accordance with legislation relating to the estates of persons who die without a Will.”

    Mr Hardy said that this case was another example of the sometimes unusual estate planning matters that the Courts must decide on.

    “From time to time we hear about an unusual document or other record being accepted by a Court as a person’s last Will. This may be an unsent text message, a document not witnessed correctly or a note written prior to surgery,” he said.

    “In Mr Pitman’s case, the Court agreed that he was the person in the videos, and that he had the necessary understanding to execute a valid will, but a number of other factors came into play – including the quality of the videos, and that he had not told anyone about them.”

    Mr Hardy said that the bottom line with all Wills is that in order to be valid, they must comply with the appropriate State laws specifying how a Will must be executed.

    “This usually means that a Will needs to be a document in writing, correctly signed and correctly witnessed, however in Australia, unlike in many other countries, Courts are authorised to decide that in special circumstances the usual requirements for executing a Will do not apply,” Mr Hardy said.

    “It is unusual, but in these exceptional situations, the Court can order that a record (e.g. document, video, audio recording) is the last Will, even where the record is executed incorrectly.”

    Mr Hardy urged everyone making a will to consult an expert adviser who can guide you through the process and ask the “What if?” questions that need to be answered.

    “Probably the most common reason for Wills to be challenged and overturned is that the person who made the Will didn’t receive adequate professional advice and assistance in the first place. Taking the time now can help ensure a smooth process later for those left behind,” mr Hardy said.

    Read Mr Hardy’s short summary of the case here on our website.

    * In the Estate of Peter Anthony Pitman (Deceased); Ex Parte Rosemary Machin Pitman & Another [2018] WASC 237 (7 August 2018)

    Download the full Media Release here


    Media inquiries:

    Alicia Kokocinski

    Senior Manager – Marketing & Communications

    03 8623 5396 / 0403 172 024

    akokocinski@eqt.com.au

    About Equity Trustees

    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 fund managers.

    Equity Trustees Superannuation Limited (ABN 50 055 641 757) AFSL 229757is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane and Perth
  • Equity Trustees Delivers

    Strong improvement in shareholder returns, with all stakeholders benefiting

    Strong improvement in shareholders returns, with all stakeholders benefiting

    • Net profit up significantly, rising 28% to $19.7 million
    • Earnings per share (EPS) up 26%, to 97.3 cents per share
    • Funds under management, advice, administration and supervision increase 21% to record $86 billion
    • Final dividend up 2 cents on interim dividend to 42 cents; for a full year dividend of 82 cents,
      up 11 cents on last year
    • All areas of business experiencing strong growth driven by acquisitions, partnerships and organic growth
    • Industry governance trends creating opportunities for Equity Trustees’ specialist model

    EQT Holdings Limited (ASX: EQT), the holding company for Equity Trustees, today announced a substantial increase in net profit to $19.7 million for the year to 30 June 2018, and an increase in EPS to 97.3 cents per share.

    Revenue increased 11% to $88.5 million, and funds under management, administration and supervision grew by 21% to reach a record $86 billion.

    “This is an excellent result for our clients, stakeholders and shareholders,” said Chairman Jeff Kennett. “The result was driven by three factors, the company’s investment over the last two years in new technology and systems, organic growth, and strong contributions from new acquisitions and partnerships.

    “Equity Trustees is proud of its independence and continues to work to ensure the highest level of governance,” he added.

    Managing Director Mick O’Brien said the business was experiencing strong momentum, with all divisions performing well. Revenue from Trustee and Wealth Services was up 11%, and Corporate Trustee and Fund Services was up 10%, supported by a material reduction in non-operating expenses.

    “We have generated significant growth in returns for shareholders, improved our client satisfaction results, increased our employee engagement, and provided a substantial contribution to the community through our philanthropic granting and trusted services.

    “This result confirms our strategy of focussing on what we do best – providing specialist fiduciary services,” Mr O’Brien said.

    A successful program of acquisitions and partnerships underpinned the result:

    • The acquisition of the OneVue Responsible Entity business with $2.7 billion of assets consolidated Equity Trustees’ position as the Australia’s leading provider of RE services
    • The appointment as the superannuation trustee to the $3.2 billion Aon Master Trust effectively doubled the size of our superannuation business to $6.7 billion Funds Under Management
    • Equity Trustees made a strategic move offshore with the acquisition of the majority stake of a UK-based funds governance business
    • The Sandhurst Trustees Estates and Trusts business was fully integrated and performing in line with expectations

    Mr O’Brien said Equity Trustees was well positioned for continuing growth.

    “All areas of the business are delivering on expectations and performing well.

    “The industry trend clearly favours Equity Trustees’ specialist model and the heightened focus on governance in financial services, both in Australia and overseas, is likely to benefit us.

    “Corporations and governments are demanding higher levels of governance. This is seeing demand for specialist governance and fiduciary services grow, and specialist trustee services increasingly outsourced.”

    Mr Kennett said, “Equity Trustees was founded on trust 130 years ago, and this single characteristic remains at the heart of our purpose.

    “Our strategy is built around benefiting all our stakeholders and we have delivered this financial year.

     “We enter the new financial year with a positive outlook for the period ahead, and the future of this 130-year-old Australian company which has stood the test of time.”

    Download the full ASX Announcement here

    View the 2018 Investor Presentation

    View the 2018 Appendix 4E & Annual Financial Report

    Visit the Investor Centre


    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, Bendigo, Sydney, Brisbane, Perth and London.

    Further information

    Media

    Alicia Kokocinski

    Senior Manager Marketing and Communications

    +61 403 172 024

    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 130 Years Young

    Australia’s leading specialist trustee company, Equity Trustees today unveiled its new brand identity and logo.

    Australia’s leading specialist trustee company, Equity Trustees today unveiled its new brand identity and logo. Built on a rich 130-year history, the new design retains key aspects of the brand’s heritage but brings in vibrant new elements that reflect an optimism for the future.

    “The past two years have seen Equity Trustees strengthen in our traditional markets, develop into new ones and take our first steps offshore,” said Mick O’Brien, Managing Director, Equity Trustees.

    Equity Trustees Chairman, the Hon. Jeff Kennett AC holds a direct connection to the foundation of Equity Trustees in 1888 – and its original ‘brand’. His great grandfather Edward Fanning was the Company’s longest serving director serving for a total of 30 years - 22 as Chairman.

    But Mr Kennett said the time was right for change: Our new brand puts Equity Trustees firmly in today’s landscape; It is a relevant, modern development of our trusted brand. Equity Trustees is starting the next lap of its long life and the time is right to make a change as we begin our next 130 years.

    “I am confident he would be proud to know that the Company he was a director of when it was established has thrived while being true to its core brand values of trust, empathy and professionalism – just as we always have.”

     “We are changing and adapting to meet changing market demands and client expectations. The brand needed to transform too – to present ourselves as a contemporary, leading trustee company with a brand that remains synonymous with trust, empathy and professionalism.”

    Mr O’Brien said that trust was an increasingly valuable asset in the current heightened risk environment in financial services.

    “We have, and always will appreciate that it is on trust that we build our business and serve generations of clients. Retaining the scales in our refreshed brandmark is symbolic of our continuing commitment to balancing our fiduciary responsibilities and obligations with care and concern for our clients.

    “I am pleased to see our brand come to life with a rejuvenated look and feel, and a new energy that better reflects and represents our Company character, our ambition, our heritage and our strengths,” he said.

    The Equity Trustees scales and well-recognised name have been retained but a strong new design element of curved brackets has been added to represent the care and trust clients place in Equity Trustees giving the traditional brand a modern look.

    With a primary colour palette of blue and yellow, the blue links to the Company’s heritage, while the yellow adds a burst of energy with a modern twist. 

    To see the new brand in action, visit the Equity Trustees website.

    Download the full Media Release here


    Media inquiries:

    Alicia Kokocinski

    Senior Manager – Marketing & Communications

    03 8623 5396 / 0403 172 024

    akokocinski@eqt.com.au

    About Equity Trustees

    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 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, Bendigo, Sydney, Brisbane, Perth and London.

  • Equity Trustees appointed RE to London-based
    River and Mercantile fund

    Equity Trustees has been appointed the responsible entity (RE) for the newly launched River and Mercantile Global High Alpha Fund.

    Equity Trustees has been appointed the responsible entity (RE) for the newly launched River and Mercantile Global High Alpha Fund.

    London-based River and Mercantile Asset Management LLP is a new client for Equity Trustees, which now also has an office in London to service clients in the UK and Europe.

    “We’re pleased to be chosen to support River and Mercantile to grow its presence in the Australian market,” said Harvey Kalman, Executive General Manager, Corporate Trustee and Fund Services, Equity Trustees.

    The Fund aims to achieve capital growth by primarily through global equities identified as having a prospect of superior long term growth by River and Mercantile investment managers.

    It already counts the legal community’s $3 billion+ superannuation fund, legalsuper, as its first investor, and is available to Institutional clients in Australia, including Trustees of superannuation funds, pooled super trusts, family offices, foundations and endowments.

    Equity Trustees is pursuing growth in its  Fund Services business, meeting the market demand to provide service to fund managers  who have a global outlook – whether they originate overseas like River and Mercantile, or are Australian fund managers looking to export offerings in the UK and Europe.

    “There is a real need for seamless independent RE services as fund managers grow and seek to operate across international borders,” said Mr Kalman.

    “River and Mercantile can concentrate on their investment strategy confident the governance and administration details are in the hands of Australia’s leading independent RE provider with nearly 20 years’ experience – and now with capability based in London which means we bring an even better understanding of their business to the partnership.”

    Read the full Media Release here


    Media inquiries:

    Alicia Kokocinski

    Senior Manager – Marketing & Communications

    03 8623 5396 / 0403 172 024

    akokocinski@eqt.com.au

    About Equity Trustees

    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 fund managers. Equity Trustees Limited (ABN 46 004 031 298 AFSL 240975) is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane, Perth and London. This communication is intended as a source of information only. No reader should act on any matter without first obtaining professional advice.

  • Equity Trustees appoints US representative

    Equity Trustees has opened the door for a smooth and easy path for US fund managers aspirations to enter the European and Australian markets by appointing a resource on the ground in the United States of America.

    Equity Trustees has opened the door for a smooth and easy path for US fund managers aspirations to enter the European and Australian markets by appointing a resource on the ground in the United States of America.

    Robert Harrison will connect US-based fund managers with Equity Trustees’ expertise in offices in Australia and UK to service funds launching into the European, UK, Australian and Asia-Pacific markets.

    “This is part of our global strategy to service fund managers no matter where they are in the world,” said Harvey Kalman, Executive General Manager, Corporate Trustee and Fund Services, Equity Trustees.

    Equity Trustees provides independent Responsible Entity, Management Company and Authorised Corporate Director services in Australia, Europe and the UK. It currently services more than 100 leading international investment and wealth managers, with more than A$80 billion in assets under management.

    “Our move to expand offshore and into the UK, with an office in London means we have the expertise and people on the ground to provide seamless service,” Mr Kalman said.

    “We can be the partner US fund managers need to diversify their client base in the markets in the UK, Europe or the Asia Pacific, and diversify their income in the process. We are the clear choice for US fund managers with global aspirations.”

    Mr Harrison is an Australian citizen and US permanent resident based in New York with a comprehensive CV demonstrating global leadership experience in Asset Management.  Most recently he was regional Head of North America at BNP Paribas Investment Partners, President and CEO, Fischer Francis Tress and Watts, a BNPPIP partner; and Global Head of BNPPIP Fixed Income (Institutional). He was also a member of the BNP Paribas Group Executive Committee (Americas) and BNPPIP Institutional Management Committee; Chair of the BNPPIP USA Innovation Taskforce. During his tenure, Mr Harrison held directorships in Australia, Hong Kong, Japan, USA, Canada and UK.

    Before then, he was CEO of BNPPIP Australia, a Member of BNP Paribas (Australia) Executive Committee and BNPPIP APAC Management Committee, and served as a Trustee and Investment Committee Chair for BNPP Pension Plan. In previous roles he was Head of Business development at Westpac Investment Management in Sydney, Vice President at Bankers Trust Sydney and New York, and Vice President Saudi International Bank, New York.

    “Whatever the requirement, all fund managers can benefit from an independent outsourced fund governance solution which frees up fund managers to do what they do best – focus on building the business and managing investments. Mr Harrison is an exceptional resource to link US-based funds managers with global opportunities, backed by Equity Trustees’ world-leading capability in this highly specialised area of expertise,” Mr Kalman concluded.

    Read the full Media Release here


    Media inquiries:

    Alicia Kokocinski

    Senior Manager – Marketing & Communications

    03 8623 5396 / 0403 172 024

    akokocinski@eqt.com.au

    About Equity Trustees

    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 fund managers.

    Equity Trustees Superannuation Limited (ABN 50 055 641 757) AFSL 229757is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane and Perth
  • Mainstream Group selects Equity Trustees to support launch of new European fund platform

    Two Australia-based busineses expanding internationally have partnered to launch a new Irish fund platform, giving Australian fund managers easier access to European UCITS.

    Two Australia-based busineses expanding internationally have partnered to launch a new Irish fund platform, giving Australian fund managers easier access to European UCITS.

    Mainstream Group has selected Equity Trustees, the global fund operator which moved into the UK six months ago, to provide UCITS Management Company services to the Mainstream UCITS ICAV.

    Equity Trustees provides independent Responsible Entity, Management Company and Authorised Corporate Director services in Australia, Europe and the UK. It currently services more than 100 leading international investment and wealth Managers, with more than A$80 billion in assets under management.

    Established in 2006, Mainstream have more than 230 employees in eight countries and has total funds under administration (FUA) of A$132 billion.

    “We have worked with the team at Equity Trustees for over twelve years and already partner together on supporting more than 30 mutual fund manager clients. This platform allows us to extend our existing service offering to provide access to investors in European markets,” said Martin Smith, Chief Executive Officer at Mainstream Group.

    “Having an experienced global partner in Equity Trustees means we have been able to quickly bring a lower cost platform solution to the market so our clients can easily distribute their funds in Europe,” he said.

    Equity Trustees moved into the UK and European market through the acquisition of 60% of London-based Treasury Capital Fund Solutions in 2017, which has now become a part of the Equity Trustees group.

    “There is demand from Financial Services experts for an independent, multi-jurisdictional fund operator who can provide a single relationship and service offering across key fund domiciles,” said Harvey Kalman, Executive General Manager, Corporate Trustee and Fund Service at Equity Trustees.

    “No matter where we are in the world, Equity Trustees’ role is to ensure each fund operates within the right legal framework, giving investors certainty and security about their investment's governance structure, and fund managers the freedom to focus on managing the investments.”

    Read the full Media Release here


    Media inquiries:

    Alicia Kokocinski

    Senior Manager – Marketing & Communications

    03 8623 5396 / 0403 172 024

    akokocinski@eqt.com.au

    About Equity Trustees

    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 fund managers.

    Equity Trustees Superannuation Limited (ABN 50 055 641 757) AFSL 229757is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane and Perth
  • Equity Trustees announces Ansett trust land to remain locally owned

    After a comprehensive six month Expression of Interest process, Equity Trustees has finalised the outcome for the final parcel of land owned by the R.M. Ansett Trust in Mt Eliza.

    After a comprehensive six month Expression of Interest process, Equity Trustees has finalised the outcome for the final parcel of land owned by the R.M. Ansett Trust in Mt Eliza.

    The land will be sold as a single parcel on an unconditional basis to a purchaser with existing local interests. The sale price and details of the agreement are confidential under the contract and Equity Trustees is bound by that confidentiality.

    The 22.3 hectares of land has a beachfront and is held within four certificate titles, located at the corner of Kunyung Rd and Albatross Ave in Mt Eliza, 45 km from Melbourne.

    “We believe this is a great outcome for the Ansett Trust, which will now be able to invest more funds to meet its charitable purpose – to assist children to take their place in life,” said Mick O’Brien, Managing Director, Equity Trustees.

    “Importantly, we have been fortunate in this process to be able to carry out our responsibility as trustee to act according to Sir Reginald’s philanthropic intent, and also find a purchaser who has a great understanding of the significance of this parcel of land.

    “We believe this is a great outcome for the community,” said Mr O’Brien.

    Sir Reginald Ansett was a respected Australia businessman, aviator and philanthropist, best known for founding Ansett Airlines.

    Since 2010 when it was established, the Trust has distributed more than $5m to programs that assist children and young people, including those in out of home care, charities that run child-focussed programs and scholarships to schools in the Mornington Peninsula.

    Contracts for the deal were signed on Friday 8 June.

    The Expression of Interest process was conducted and managed independently by Ernst and Young (EY). 

    Read the full Media Release here


    Media inquiries:

    Alicia Kokocinski

    Senior Manager – Marketing & Communications

    03 8623 5396 / 0403 172 024

    akokocinski@eqt.com.au

    About Equity Trustees

    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 fund managers.

    Equity Trustees Superannuation Limited (ABN 50 055 641 757) AFSL 229757is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane and Perth
  • Wicking Trust contributes $4.4m to Vision Australia

    One of Australia’s most significant charitable trusts, the Wicking Trust managed by Equity Trustees, has committed $4.4m over four years to support a Digital Transformation initiative at Vision Australia.

    One of Australia’s most significant charitable trusts, the Wicking Trust managed by Equity Trustees, has committed $4.4m over four years to support a Digital Transformation initiative at Vision Australia.

    The life changing potential of digital technologies on people who are blind or have low vision is the focus of discussion at the Open Day at Vision Australia’s Wicking Centre today (8 June) where the latest technology, devices and facilities will be on display.

    Equity Trustees’ Managing Director, Mick O’Brien and members of the Equity Trustees Philanthropy team responsible for managing the Wicking Trust join Their Excellencies Governor General Sir Peter Cosgrove AK MC (Retd) and Lady Cosgrove, Member for Higgins, the Hon Kelly O’Dwyer MP and City of Stonnington Mayor, Cr Steve Stefanolpoulos at the Open Day.

    “Equity Trustees is proud to manage the legacy of John and Janet Wicking, who together were successful, active, generous people. They left behind the J.O. & J.R. Wicking Trust and entrusted Equity Trustees to manage their legacy in perpetuity,” said Mr O’Brien.

    The Wicking Trust was established in 2002 from the Will of John Wicking and now distributes more than $4 million annually in grants.

    John Wicking began his lifetime connection with Vision Australia in 1961 (then called the Association for the Blind) when he volunteered to help with fundraising. The commitment lived on after he passed away through instructions in his Will to provide ongoing funds.

    “Part of the digital transformation of Vision Australia included an earlier philanthropic grant from the Wicking Trust to begin digitising its ‘talking’ library. Around 30,000 books are now available for download, and more are being added every year making them more accessible to more people who are blind or have low vision,” explained Jodi Kennedy, General Manager, Charitable Trusts and Philanthropy, Equity Trustees.

    “This latest project grant will assist Vision Australia to implement a digital transformation program to co-design more innovative products and services with their clients, and empower staff to deliver superior customer service,” she said.

    It will include the introduction of new digital platforms and tools, and create communities that connect clients with support. This work builds on previous initiatives which were also supported by the Wicking Trust, including the i-access® program (library content, playback capabilities and IT infrastructure), the Adult Services Model project which enabled the development of a ‘person-centred’ delivery model in readiness for the NDIS, and the Enterprise Architecture Project which delivered new systems and infrastructure that emphasise accessibility, mobility and the delivery of personalised services for clients.

    “The Wicking’s had the foresight to see that they could empower change well beyond their lifetimes – this funding for the Vision Australia digital transformation project is probably not something they could fully imagine in their lifetimes, and yet they have made it happen,” said Mr O’Brien.

    “Our role as trustee is to make sure their philanthropic vision lives on, making a real difference and empowering change. Equity Trustees sees our role managing the Wicking Trust, and promoting the work it supports, as a real privilege,” he concluded.

    Read the full Media Release here


    Media inquiries:

    Alicia Kokocinski

    Senior Manager – Marketing & Communications

    03 8623 5396 / 0403 172 024

    akokocinski@eqt.com.au

    About Equity Trustees

    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 fund managers.

    Equity Trustees Superannuation Limited (ABN 50 055 641 757) AFSL 229757is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane and Perth
  • Equity Trustees announces Tony Lally as new super board chair

    Equity Trustees has announced the appointment of Tony Lally to the chair of the Equity Trustees Superannuation Limited Board to replace John Crocker who will retire from the position.

    Equity Trustees has announced the appointment of Tony Lally to the chair of the Equity Trustees Superannuation Limited Board to replace John Crocker who will retire from the position.

    Equity Trustees is Australia’s leading specialist trustee company and operates The Executive Superannuation Fund. Most recently it entered into an alliance with Aon which will create a $5.2 billion superannuation partnership, confirming its place as the leading provider of the outsourced trustee model for Australia’s rapidly growing superannuation market.

    With decades of experience in the superannuation industry, as well as funds management in Australia and internationally Mr Lally has the experience and expertise to help the Equity Trustees’ Superannuation Trustee business to consolidate its leading position.

    “Mr Lally brings excellent expertise and experience in areas including life insurance, funds management, strategy development, sales and marketing, financial management, superannuation, risk management and financial planning in Australia and internationally. We congratulate him on his appointment and look forward to working with him to building and strengthening our superannuation trustee business,” said Mick O’Brien, Managing Director, Equity Trustees.

    “Appointing a specialist trustee is fast becoming an attractive option in the superannuation funds market. With our outsourced service model, organisations retain all of their commercial interests while providing assurance to their members that there is independent oversight of the funds they have trusted to be invested wisely for their retirement.

    “The issue of independence is especially being highlighted with the current Royal Commission examining just what it means to have independence in decision making and what constitutes a conflict in that process.  Equity Trustees was established to be an independent, specialist trustee 130 years and our purpose remains just as relevant today.”

    Mr Lally’s current appointments include Self Wealth Ltd (Chair) and the Cycling Australia Coaching Commission, and previously included the International Centre for Pensions Management (ICPM), Association of Superannuation Funds of Australia (ASFA), Deutsche Asset Management and Commonwealth Life Ltd, among others.

    Originally an actuary, Mr Lally was CEO of Sunsuper until 2013 and led the company through a period of transformation, more than doubling FUM during his tenure.

    Mr Lally joins independent directors Catherine Robson and Ellis Varejes on the Board, which also includes Mr O’Brien and General Manager of the Superannuation Trustee business, Mark Blair.

    “I take this opportunity to thank the outgoing chair Mr Crocker for 12 years of service. We have benefited greatly from his experience. He was part of the industry during its key formative years and through the period before it became such a significant part of the financial industry landscape, and had a long and successful career which included the AMP Society and Tower Perrin. Since retirement, he served on numerous boards in the financial services and superannuation industries,” Mr O’Brien said.

    “Mr Lally will admirably follow in the footsteps of Mr Crocker. We are very fortunate to attract experience of this calibre and quality to our Board,” concluded Mr O’Brien.

    The appointment is effective this month (1 June).

    Read the full Media Release here


    Media inquiries:

    Alicia Kokocinski

    Senior Manager – Marketing & Communications

    03 8623 5396 / 0403 172 024

    akokocinski@eqt.com.au

    About Equity Trustees

    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 fund managers.

    Equity Trustees Superannuation Limited (ABN 50 055 641 757) AFSL 229757is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane and Perth
  • Reconciliation in action fosters innovation and relevance

    Working with Aboriginal and Torres Strait Islander communities led Australia’s leading specialist trustee company, Equity Trustees to adapt and change the way it delivers traditional trustee services not only in their trustee and philanthropic areas – but in an unexpected area of their business: Estate planning.

    Working with Aboriginal and Torres Strait Islander communities led Australia’s leading specialist trustee company, Equity Trustees to adapt and change the way it delivers traditional trustee services not only in their trustee and philanthropic areas – but in an unexpected area of their business: Estate planning.

    A pilot, developed in consultation with the Noongar community in Western Australia, is planned for later in 2018 to test and refine a program designed to support the writing of Wills that specifically target the estate planning needs of Aboriginal people.

    “Around 60% of the Australian population have a valid Will* – which means one that will be effective and legal at the time it is needed. Indications are that the percentage is much lower for First Australians,” said Stephen Hardy, National Manager of Estate Planning, Equity Trustees.

    Equity Trustees works with a number of Aboriginal communities, acting as trustee for community and native title trusts. Separately, Equity Trustees as trustee for around 500 philanthropic trusts is responsible for channelling funds into a range of causes and programs that aim to address Indigenous disadvantage.

    “Most Australians use an accessible professional service to prepare their Wills.  For First Australians, particularly those in remote towns and communities, access to such specialised services is a barrier – and typical estate planning approaches don’t necessarily meet traditional estate planning needs,” explained Mr Hardy.

    “Estate planning can help prevent burial disputes and protect customary law by ensuring clarity in how traditional objects are passed on, for example, as well as the usual things we associate Wills and estate plans with – the care of children and how property is distributed,” he said.

    Equity Trustees plans to use the pilot experience to develop core estate planning services appropriate to the wider Aboriginal and Torres Strait Islander population, beginning with communities it currently partners with.

    Managing Director, Mick O’Brien, said Equity Trustees recognised its corporate responsibility to actively pursue reconciliation.

    “We recognise that National Reconciliation Week is a great opportunity to highlight all that can be done and all that still needs to be done to improve social and economic outcomes for Aboriginal and Torres Strait Islander people and communities,” Mr O’Brien said.

    “We play a role at a corporate level with the adoption and implementation of our Reconciliation Action Plan, the many ways we build connections with Indigenous communities and serve them now, and how we share and develop access to our unique expertise to protect their wealth into the future,” he concluded.


    *Having the last word: will making and contestation in Australia (March 2015)

    Read the full Media Release here


    Media inquiries:

    Alicia Kokocinski

    Senior Manager – Marketing & Communications

    03 8623 5396 / 0403 172 024

    akokocinski@eqt.com.au

    About Equity Trustees

    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 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, Bendigo, Sydney, Brisbane, Perth and London

    .


  • Equity Trustees launches Reconciliation Action Plan

    Australia’s leading specialist trustee company, Equity Trustees, has formalised its commitment to reconciliation between Aboriginal and Torres Strait Islander people and the broader Australian community with the launch of its Reflect Reconciliation Action Plan (RAP).

    Australia’s leading specialist trustee company, Equity Trustees, has formalised its commitment to reconciliation between Aboriginal and Torres Strait Islander people and the broader Australian community with the launch of its Reflect Reconciliation Action Plan (RAP).

    “We support Aboriginal and Torres Strait Islander communities to manage their wealth through various community and native title trust models, and by directing philanthropic funds towards a wide variety of Aboriginal programs assisting our First Australians. Equity Trustees has a rich history in managing wealth for all Australians, this experience places us in a unique position to use our expertise to improve social and economic outcomes for Aboriginal and Torres Strait Islander people and communities,” said Equity Trustees’ Chairman, the Hon. Jeff Kennett AC.

    “The development of the traditional trustee model to the contemporary Australian context has included adapting our technical trustee service to community trusts. Our services continue to evolve to ensure our products and services meet the needs of our Aboriginal and Torres Strait Islander clients, and we work closely with Aboriginal communities and their representatives in partnership,” Mr Kennett said.

    Equity Trustees’ Managing Director, Mick O’Brien said employees across our Company had embraced the opportunity to be a part of the first RAP’s development and what it could deliver.

    “Some of our employees are involved directly in working with managing community trusts or granting, but all employees have seen the opportunity in this initiative to make a difference. As an active partner to many Aboriginal communities, Equity Trustees has a strong corporate responsibility to actively pursue reconciliation, and this RAP is our first step toward formalising this commitment,” Mr O’Brien said.

    Equity Trustees has a growing portfolio of community trusts serving Aboriginal and Torres Strait Islander communities, and an increasing profile in those communities for its independent, specialist trustee service.

    In addition, as a leading provider of philanthropic funds in Australia, distributing around $70 million annually, Equity Trustees has distributed funds to programs including:

    • early childhood intervention to improve literacy and numeracy in a Victorian Aboriginal community
    • improved tertiary education pathways for Aboriginal youth
    • support for the welcome to country celebrations opening Melbourne Festivals; and
    • improvements in school to work transition for young Aboriginal peoples in Goulburn Valley.

    Equity Trustees formally launched its inaugural RAP in Perth on 16 April 2018 with special guest speaker Angela Ryder, inaugural member of the Noongar Charitable Trust Advisory Council and founding member of the Langford Aboriginal Association. Read the Equity Trustees Reflect RAP on our website or find it on the Reconciliation Australia website.

    Read the full Media Release here


    Media inquiries:

    Alicia Kokocinski

    Senior Manager – Marketing & Communications

    03 8623 5396 / 0403 172 024

    akokocinski@eqt.com.au

    About Equity Trustees

    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 fund managers.

    Equity Trustees Superannuation Limited (ABN 50 055 641 757) AFSL 229757is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane and Perth
  • Equity Trustees appointed RE to leading New Zealand asset managers Milford

    Equity Trustees has been appointed the responsible entity (RE) for Milford Australia Limited, the Australian business of New Zealand’s leading asset management company Milford Asset Management.

    Equity Trustees has been appointed the responsible entity (RE) for Milford Australia Limited, the Australian business of New Zealand’s leading asset management company Milford Asset Management.

    They enter the market with the launch of the Milford Australian Absolute Growth Fund designed for investors with higher risk tolerances; it targets absolute returns with an annualised return objective of 5% above RBA cash rate while seeking to preserve investor capital over rolling three year periods.

    Milford was established in 2003 and is an active fund manager with more than [NZ] $5.5bn FUM.

    “We’re pleased to be chosen to support Milford to grow its presence in the Australian market,” said Harvey Kalman, Executive General Manager, Corporate Trustee Services, Equity Trustees.

    After a recent acquisition of 60% of London-based Treasury Fund Solutions, Equity Trustees’ CTS business is increasingly aligning its expertise with clients who have a global outlook – whether they are coming into the Australian market, or exporting offerings elsewhere.

    “There is also an increasing need for independent services as fund managers grow and seek to operate across international borders,” said Mr Kalman.

     “As RE, we take responsibility to ensure the fund operates within the right legal framework, giving investors certainty and security about their investment's governance structure.

    “Milford concentrate on their investment strategy confident the governance and administration details are in the hands of Australia’s leading independent RE provider with nearly 20 years’ experience.”

    Download the full Media Release


    Media inquiries:

    Alicia Kokocinski

    Senior Manager – Marketing & Communications

    03 8623 5396 / 0403 172 024

    akokocinski@eqt.com.au

    About Equity Trustees

    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 fund managers.

    Equity Trustees Superannuation Limited (ABN 50 055 641 757) AFSL 229757is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane and Perth.

  • Equity Trustees concerned proposed law would stifle advocacy by charities and increase red tape

    Equity Trustees' Chairman, the Hon Jeff Kennett AC, says a proposed Federal Government bill would stifle public advocacy by many charities and add an unnecessary layer of red tape.

    Equity Trustees' Chairman, the Hon Jeff Kennett AC, says a proposed Federal Government bill would stifle public advocacy by many charities and add an unnecessary layer of red tape.

    “As Australia’s leading trustee with responsibility for more than 500 charitable trusts, Equity Trustees is deeply concerned the proposed bill has gone well beyond the original intent to protect our democracy from malicious external interference,” Mr Kennett said.

    Mr Kennett has written to the minister, Senator Cormann, expressing his concern over the impact of the proposed Electoral Legislation Amendment (Electoral Funding and Disclosure Reform) Bill 2017.

     “Equity Trustees believes there are many cases in which the proposed law would stifle public advocacy by charities on policy issues that are legitimate and important topics for public discussion.

    “This Bill may have been developed with the best of intentions, but it has gone too far.”

    Mr Kennett said the reporting and compliance obligations of the proposed Bill were also onerous and could apply to hundreds of charitable trusts overseen by Equity Trustees.

    “The proposed law would add a layer of red tape to many charities increasing the cost of compliance and requiring significant resourcing.”

    Mr Kennett said, as a trustee for charitable trusts, Equity Trustees was responsible for granting funds to thousands of not-for-profit organisations to the tune of around $70 million annually.

    He said it was Equity Trustees’ responsibility to speak up for those who appointed a trustee company to carry out their instructions in perpetuity.

    “There are many examples of the practical impact; two of our foundations currently fund work being done to create change for young people in out of home care, another trust funds advocacy to achieve better outcomes for ageing Australians including those at risk of homelessness. We are responsible for Trusts that are committed to better outcomes for Indigenous Australians – work which cannot rule out looking at policies and structures that prevent progress.

    “Advocacy on behalf of vulnerable Australians is essential work for many organisations funded through our trusts,” Mr Kennett said.

    “However, the proposed legislation threatens to stifle Australian philanthropy which provides millions of dollars to the social sector complementing government funds every day to make our community better, healthier and safer.”

    Mr Kennett said the compliance and reporting requirements under the proposed changes would be burdensome on charities and funding bodies and included potentially severe civil and criminal penalties for breaching the reporting requirements to the AEC.

    “This will require significant resourcing by us as trustee, as well as not-for-profits and charities.”

    Mr Kennett said Equity Trustees regularly distributed grants well in excess of the threshold amount of $13,500 multiple times per year, across a large number of not-for-profits, meaning that the majority of granting would need additional scrutiny to test whether it came under the new requirements and therefore additional reporting.

    “I can’t help but wonder what the founders of our largest and most generous foundations and trusts, which have been responsible for building some of our great national institutions and still fund them to this day, would think, if we, as trustee, find ourselves in a position of spending time and resources on compliance obligations for no benefit to the community – or the safety of our democracy,” he concluded.

    Download the full Media Release

    Media inquiries:

    Alicia Kokocinski

    Senior Manager – Marketing & Communications

    03 8623 5396 / 0403 172 024

    akokocinski@eqt.com.au


    About Equity Trustees

    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 fund managers.

    Equity Trustees Superannuation Limited (ABN 50 055 641 757) AFSL 229757is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane and Perth.

  • Equity Trustees announces Wicking Trust commitment of $7.4m

    A social change campaign to tackle ageism, a National Death Literacy Benchmark tool, a strategy to engage political leaders on better servicing an ageing population, and promoting the right to age well: These are the initiatives awarded a share in the Wicking Trust Major Grants for 2018

    A social change campaign to tackle ageism, a National Death Literacy Benchmark tool, a strategy to engage political leaders on better servicing an ageing population, and promoting the right to age well: These are the initiatives awarded a share in the Wicking Trust Major Grants for 2018.

    The Wicking Trust, managed by Equity Trustees, is one of Australia’s most significant charitable trusts. It was established in 2002 and now distributes more than $4 million each year.

    “Philanthropy has the ability to make real and measurable differences to causes and people. After a vibrant lifetime of partnership and generosity, John and Janet Wicking left behind the J.O. & J.R. Wicking Trust. It is a fitting tribute to their commitment to each other, and the causes they both cared so much about in their lifetimes,” said Jodi Kennedy, General Manager, Charitable Trusts and Philanthropy, Equity Trustees.

     The Wicking Trust Major Grants program aims to achieve systemic change in the areas of ageing and Alzheimer's disease. These grants are in addition to ongoing partnerships with Vision Australia and the O’Brien Institute, two charitable organisations specified in the Will which established the Trust. 

     “It’s no secret that Australia’s population is ageing and the number of Australians over the age of 65 is expected to more than double by 2055,” Ms Kennedy explained. “We are now faced with a challenge to create a society that fully understands the economic and social impacts of ageing and embraces the opportunities presented by this demographic shift.”

     “The Wicking Trust seeks to improve the wellness and quality of life for older people and people with Alzheimer’s disease.  To realise this goal the Wicking Trust’s Major Grants program aims to identify and invest in organisations that are well-placed to create enduring change in policy and/or practice , in part through grants, but also in bringing together a community of organisations that share the same goals. We believe that together more can be achieved towards these goals.”

     Four major grants (detail over the page) were:

    1. The Benevolent Society ($1.5m over 5 years) - EveryAGE Counts – a campaign to tackle ageism.
    2. Per Capita Australia Limited ($480,000 over 2 years) - Centre for Applied Policy in Positive Ageing (CAPPA)
    3. The Australian Centre for Social Innovation (TACSI) ($900,000 over 3 years) Ageing Well Systems Lab
    4. The GroundSwell Project (GSP) ($175,000 over 2 years) - Building Death Literacy: New Conversations, Innovative Practices

     “As a leading Australian provider of philanthropic funds, about five percent of our annual distributions are directed towards supporting initiatives specifically in ageing and aged care,” explained Ms Kennedy.

    “It’s our role to ensure that we honour the intentions of the founders of these trusts, and that we ensure the money has an impact in the areas of need identified by the founders, and empowers change in our community to address the issues we face.  Equity Trustees is proud to manage the Wicking Trust and promote the work it supports.”

    In addition to the major grants, in 2017 the Wicking Trust made a further commitment to Vision Australia of $4.4m over four years in support of their Digital Transformation initiative. The Wicking Trust has a long-standing partnership with Vision Australia, the leading provider of blindness and low vision services in Australia.


    Project descriptions

    The Benevolent Society                                                            $1.5m over 5 years

    EveryAGE Counts – a campaign to tackle ageism.

    The Wicking Trust is the first major funder to support this multifaceted social change campaign which aims to change the way we think about ageing in our community. This grant will enable the crucial foundational work required to secure the future of the campaign which will:

    • set the foundations for the essential conditions for current and future generations to age well
    • positively change social norms and public discourse on ageing
    • mobilise a holistic political response to the opportunities presented by our ageing population
    • reframe the perception of getting older.

    Per Capita Australia Limited                                                     $480,000 over 2 years

    Centre for Applied Policy in Positive Ageing (CAPPA)

    This commitment is a two year extension grant for an initiative currently funded by the Wicking Trust. CAPPA undertakes research and social innovation projects that focus on finding solutions to emerging issues resulting from Australia’s ageing population, with the aim to increase the social and economic wellbeing of older Australians and change the framework through which ageing is viewed.

    The funding ensures CAPPA cements its position as a leader in the development of policy to promote positive ageing in Australia, and in the provision of policy solutions to address complex issues facing people as they age. CAPPA will complete its existing suite of social innovation projects and develop plans for new interventions in applied policy. They will develop a long term strategy for the engagement of political leaders and decision makers to take a positive, optimistic approach to programs and services that support an ageing population.

    The Australian Centre for Social Innovation (TACSI)                $900,000 over 3 years

    Ageing Well Systems Lab

    This commitment is a three year extension grant for an initiative that was initially funded for three years by the Wicking Trust. This additional funding will enable TACSI to continue its work towards ensuring all Australians have the right to age well. This includes:

    • To continue to build a national coalition of partners to gather and share case studies that demonstrate innovative examples of in home care and housing as people age.
    • Finding solutions that can match the scale of the problem around home and housing as the population continues to age
    • Engaging policy decision makers and build their capability to elevate the outcomes of the Lab to influence national policy decisions around home, housing and ageing
    • Publishing learnings through regular blogs, papers, short documentaries and conference presentations to influence the thinking and action of those who can affect change.

    The GroundSwell Project (GSP)                                                $175,000 over 2 years

    Building Death Literacy: New Conversations, Innovative Practices

    In the 2016 Major Grants Round, funding was provided to The GroundSwell Project to enable the organisation to develop and pilot a National Death Literacy Benchmark tool and conduct the first national survey of death literacy and to disseminate their findings at the end of a three year period. In addition, a small amount of core operating support was also provided to GSP. This grant is an extension of core funding to support the continued development of GSP’s work.

    Download the full Media Release here

    Media inquiries:

    Alicia Kokocinski

    Senior Manager, Marketing & Communications

    akokocinski@eqt.com.au      

    03 8623 5396 / 0403 172 024


    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.

    Philanthropy services are provided by Equity Trustees Limited (ABN 46 004 031 298, AFSL 240975) and Equity Trustee Wealth Services Limited (ABN 33 006 132 332, AFSL 234528), both companies are part of EQT Holdings Limited (ABN 22 607 797 615), a public company listed on the Australian Securities Exchange (ASX: EQT).

  • Sisters are doing it for themselves: Women in Philanthropy

    International Women’s Day 2017 is the time to think of women philanthropists past and present who have dared to be bold for change.

    Increasing numbers of women are taking a leading role empowering change through philanthropy - contributing their money, expertise and leadership to charities and social enterprises,” said Natalie Elliott, Grant Development Manager at Equity Trustees, and Manager of the William Buckland Foundation. 

    Read the full Media Release here

  • Prestigious Viertel medical research fellowships announced

    The prestigious annual Sylvia and Charles Viertel Charitable Foundation Senior Medical Research Fellowships have been announced for 2017. In addition, three new clinical investigator awards were announced.

    Last year the Viertel Foundation demonstrated its commitment to encouraging excellence and gender equality in the fields of medical and scientific research with the decision to award a Fellowship to one male, and one female researcher each year.

    Read the full Media Release here

  • Equity Trustees corporate business boosts compliance capability

    Equity Trustees’ Corporate Trustees Services (CTS) business has boosted its compliance and regulatory capability by dedicating expert professionals to support the business, ensuring it can meet the increasing demands placed on clients by an ever changing and increasingly stringent regulatory environment.

    CTS has grown into Australia’s largest independent responsible entity (RE) service provider since it was established 17 years ago with just three clients, seven funds and $700m in funds under supervision.  It now services more than 100 clients, 240 funds and over $50bn funds under supervision. 

    Read the full Media Release here

  • Wicking Trust major grants announced

    $8m over 6 years for ageing well and dying well. The University of Tasmania, the National Ageing Research Institute and The GroundSwell Project are the major beneficiaries of the latest round of major grants from one of Australia’s most significant trusts, The Wicking Trust, managed by Equity Trustees.

    The major grants, totalling more than $8m in discretionary distributions from the Trust, are in addition to ongoing funding commitments from the Trust to Vision Australia and the O’Brien Foundation (formerly the Microsurgery Foundation), which continue to be funded out of the Trust in accordance with the direction of the Trust founders John and Janet Wicking.

    Read the full Media Release here

  • Equity Trustees strengthens super business for growth in 2017

    Equity Trustees Superannuation Portfolio Services (SPS) business is gearing to strengthen its position as the superannuation industry’s premier provider of independent trustee services in 2017.

    The Company began the year with the arrival of Mark Blair, formerly the head of KPMG’s superannuation advisory business charged with task to develop the SPS business, and ends 2016 with the appointment of Grant Currie as Head of Superannuation Trustee Services.

    Read the full Media Release here.

  • The Power Of One

    Equity Trustees, Executive General Manager, Corporate Trustees Services Harvey Kalman reveals why super funds are turning to the fund-of-one structure for answers.

    Rising investment complexity, the need for greater independent oversight and a growing compliance burden characterises today's super landscape. Equity Trustees, Executive General Manager, Corporate Trustees Services Harvey Kalman reveals to AFSA in Superfunds Magazine November 2016 why super funds are turning to the fund-of-one structure for answers.

    It’s early 2016 and, amid volatile market conditions, a large superannuation fund makes a brave move: it awards a $100 million mandate to an emerging markets manager.

    But this isn’t a typical mandate. The fund and manager are sharing data under a unique structure and, when they identify their preferred buy signal, move immediately. The fund grows more comfortable and boosts its allocation.

    Within four months, the mandate passes $1.5 billion.

    Welcome to the world of the ‘fund-of-one’ where super funds are creating bespoke portfolios with their managers to reduce risk and simplify reporting.

    These are just some of the benefits which have been driving institutional investors to boost their investments in fund-of-one structures over the past six years.

    BUILDING THE HOME BASE: SUPPORT FOR THE FUND-OF-ONE

    Australia is home to 16 of the largest 300 funds in the world, according to a 2015 survey by (Willis) Towers Watson and Pensions & Investments.

    With this size comes enormous economies of scale. Funds are using it to exert more control as they increasingly turn to offshore investments to boost returns while adding new alternative strategies to diversify their portfolios.

    It represents an opportunity but one that is also accompanied by greater complexity and risk. Funds can structure their investments to manage this in multiple ways.

    One is to ensure their offshore investments are domiciled in Australia, which offers economies of scale and diversification of risk. It allows super funds to collectively benefit from the investment expertise of a fund manager while also enjoying the relative simplicity of Australian tax, compliance and reporting standards.

    For example, the reporting requirements of offshore investments housed in an Australian-domiciled fund are automatically aligned with our 30 June fiscal year and must meet the standards of local regulators such as APRA and ASIC. Compliance requirements clearly fall under Australia’s well-respected rule of law rather than a range of offshore jurisdictions.

    An Australian-domicile ultimately improves back office functioning – efficiencies which can flow into return-generating investment decisions.

    An emerging market investment housed in an Australian-domiciled fund for example, can immediately include sub-accounts for regions where it can take months of bureaucracy to be approved as a foreign investor, such as India or Taiwan. Once those sub-accounts are set up, the manager can quickly move on potential investments in those regions while the investor continues to benefit from seamless reporting and a single unit price.

    A COMMINGLED FUND VERSUS THE FUND-OF-ONE

    The benefits of an Australian-domicile can be obtained in a commingled fund, where an investor’s assets are pooled alongside other investors. However, a fund-of-one—where a single investor invests in and controls the fund through an investor registered (or unregistered) vehicle—improves the risk-return dynamics again.

    This is because a super fund using a fund-of-one naturally has more power to negotiate investment terms and create a bespoke portfolio with their chosen fund manager across areas such as fees, investment flexibility, transparency and reporting standards.

    The sole investor can negotiate investment terms with the fund manager rather than accept ‘middle-of-the-road’ mandate terms in a commingled fund which are designed to suit a range of investors.

    Funds can negotiate lower fees dependent on the size of the deal (typical fund-of-ones range in size from $50–$200 million although a number are greater than $1 billion). Particular assets or investment strategies, such as the use of gearing or derivatives, can be easily segregated from the fund manager’s wider offering.

    In this way, the structure quarantines and reduces risk, while delivering better reporting and transparency about the underlying investment strategy. The fund-of-one’s independent trustee acts as an additional safeguard, monitoring the custodian, administrator, auditors and fund manager.

    The risk management benefits of the fund-of-one structure can also flow into its ability to deliver potentially higher net returns.

    For example, the investor and fund manager can work together more closely on investment decisions – as the emerging markets manager and super fund mentioned above chose to do so.

    Importantly, the investor owns the fund-of-one. If an investor in a commingled fund is unhappy with its performance, the fund must sell its units and reinvest elsewhere, potentially triggering capital gains tax. By way of contrast, an investor in a fund-of-one can add or subtract fund managers from the structure and avoid those potential tax implications.

    ALTERNATIVES, EMERGING MARKETS, FIXED INTEREST AND EVERYTHING IN BETWEEN

    The fund-of-one structure is growing in popularity as institutional investors continue to diversify their portfolios with offshore and alternative investments.

    Investors creating a fund-of-one structure can benefit from improved transparency about complex investments such as underlying hedge fund, infrastructure, private equity, fund-of-funds and long-short funds. The structure can also house more traditional assets such as property, construction, global equities and fixed income.

    These types of more complex portfolios featuring a breadth of strategies are becoming par for the course as super funds seek out new ways to generate returns in a low-inflation environment.

    Over the past decade, the average Australian super fund has approximately doubled its allocation to alternative assets from between 5–6 per cent to 10–11 per cent, according to a recent analysis by Frontier Advisors. Many funds are also increasingly heading offshore as their size makes it difficult to find attractive local investments in a relatively small local market.

    Equity Trustees recently worked with a super fund to create a fund-of-one structure to hold a complex fixed income mandate, which was seeded with $100 million. Over six months, the fund grew to $800 million and has the capacity to reach $2 billion over two years.

    GREATER CONTROL WITHOUT BLURRING THE LINES

    As institutional investors grow in size, so too does their power to tailor their portfolios.

    One of the strongest recent trends has been the move to insource a wide range of funds management activities, which allows funds to create bespoke portfolios on their own terms while minimising costs.

    However, insourcing also presents challenges. A recent survey of funds by the Centre for International Finance and Regulation raised issues such as difficulty in attracting top-shelf investment professionals with lower remuneration and the danger of being ‘captured’ by underperforming internal investment teams.

    While a fund manager or super fund can act as trustee of its own fund-of-one, a fund-of-one overseen by an independent trustee presents an alternative option which can blend the best of both worlds.

    It still allows institutional investors to access top-line talent with a fund manager, while exerting greater influence (as the sole investor) to negotiate investment terms, including fees. But an independent trustee acts as an additional safeguard to protect the interests of the investor and, in extreme cases, can remove the fund manager to protect the investor.

    Australia is one of the few jurisdictions in the world which allows the same organisation to act as both trustee and investment manager of a fund.

    The Financial Services Council’s recent report Australia as a Financial Centre: Seven years on raised concerns about these ‘single responsible entity’ provisions and suggested they could be solved by adopting international standards or introducing a new collective investment vehicle with different governance provisions.

    In addition, ASIC’s 2016 Culture, conduct and conflicts of interest in vertically integrated funds management industry review, further highlights the advantage of an independent trustee in the model.



  • Equity Trustees honours 10 years of service to super board by industry veteran John Crocker

    With 50 years’ experience in superannuation, industry veteran John Crocker was congratulated for his decade of service as a director of Equity Trustees Superannuation Limited (ETSL) by Equity Trustees’ Chairman, Tony Killen.

    “John is highly regarded in the industry and we are delighted to have had his trustee expertise and leadership in the service of our Superannuation Board. He was a part of the industry during the key formation years and in particular through the 1970’s before superannuation was part of the industrial landscape or mandated by regulators,” said Mr Killen.

    Read the full Media Release here

  • Equity Trustees promotes outstanding corporate team

    Four members of the Corporate Trustees Services (CTS) team at Equity Trustees have been promoted into more senior roles after an outstanding year for Australia’s largest responsible entity (RE) service provider.

    “We’re now providing RE service to 96 managers – a 17% increase on last financial year, and 212 funds. So we need our world class team doing great work for an ever expanding group of clients who recognise the value of an independent RE,” said Harvey Kalman, Executive General Manager, CTS.

    Read the full Media Release here

  • Equity Trustees congratulates Nuffield Australia Farming Scholarship recipients

    Equity Trustees congratulates dairy farmers, Duncan Macdonald from Tasmania, and Daniel Meade, from Victoria, who were awarded the 2016 Nuffield Australia Farming Scholarships last night.

    “We are delighted for Duncan and Daniel and applaud Nuffield Australia for its role in co-ordinating these scholarships which support not only the recipients but also the development of agricultural practices and innovation in Australia,” said Tabitha Lovett, General Manager of Philanthropy at Equity Trustees.

    Read the full Media Release here

  • Equity Trustees appointed RE to newly established MHOR venture

    Equity Trustees has been appointed responsible entity (RE) to MHOR Asset Management, a new fund manager with ambitions to grow and ultimately list in Australia.

    “We’re pleased to be selected by MHOR, they are an exciting team and Equity Trustees looks forward to partnering with them as they grow their business,” said Harvey Kalman, the Executive General Manager of Corporate Trustee Services.

    Read the full Media Release here

  • Equity Trustees backs kids looking for a place to call home

    Equity Trustees has awarded its first grant under its new $10m Empowering change philanthropy granting program to the Centre for Excellence in Child and Family Welfare.

    Equity Trustees has awarded its first grant under its new $10m Empowering change philanthropy granting program to the Centre for Excellence in Child and Family Welfare for a project to bring together information and stakeholders to plan better ways to support young people in state care, with a particular focus on supporting them to make the transition to adulthood.

    Read the full Media Release here

  • Equity Trustees launches five key areas for $10m annual giving

    Equity Trustees has restructured its granting program to direct more than $10m of annual discretionary charitable giving into five key areas.

    Equity Trustees has restructured its granting program to direct more than $10m of annual discretionary charitable giving into five key areas: Children and Young People, Medical Research and Health, Ageing and Aged Care, Animals and Environment, and Partnerships Program.

    Read the full Media Release here 

  • First Equity Trustees client early adopter under new AMIT regime

    The first client to sign on to the new Attribution Managed Investment Trusts (AMITs) regime has wasted no time in grasping the opportunity the new regime presents; greater product flexibility coupled with a more competitive position for the fund to compete internationally, and far greater access to Asian markets.

    The first client to sign on to the new Attribution Managed Investment Trusts (AMITs) regime has wasted no time in grasping the opportunity the new regime presents; greater product flexibility coupled with a more competitive position for the fund to compete internationally, and far greater access to Asian markets.

    “We’ve seen the first client, a global fixed interest fund, move quickly once the regime was enacted on 1 July,” said Harvey Kalman, Executive General Manager, Corporate Trustee Services, Equity Trustees.

    Read the full Media Release here.

  • Michael O'Brien appointed Managing Director

    Equity Trustees has announced the appointment of Michael O'Brien to the role of Managing Director

    Equity Trustees has announced the appointment of Michael O'Brien to the role of Managing Director following two months in the position of Executive Director.

    Read the full Media Release here

  • New granting programs launched for $6.5 million of annual giving by WBF

    New granting programs launched for $6.5 million of annual giving by the William Buckland Foundation

    One of Victoria’s largest sources of philanthropic funds, giving away in the order of $6.5 million annually, has launched a new granting program with the aim of supporting  real change in four key areas; Homelessness and Employment, Health, Education and Agriculture.

    Read the full Media Release here

  • Equity Trustees appoints Senior Manager, Relationships and Oversight

    Equity Trustees Limited has appointed Alan O’Brien as a Senior Manager, Relationships and Oversight in the Corporate Trustee Services (CTS) Melbourne team, where he will be responsible for working with new and existing Responsible Entity (RE) clients.

    Mr O’Brien brings an understanding of global context which is particularly important as the CTS business moves to ensure clients are properly advised and able to take advantage of additional fund structuring opportunities now available in the Australian market. 

    Read the full Media Release here

  • AMIT Legislation a Welcome Initiative

    The introduction of Attribution Managed Investment Trusts (AMITs) will give Australian investors far greater access to Asian markets.

    The introduction of Attribution Managed Investment Trusts (AMITs) will give Australian investors far greater access to Asian markets, and is a significant step in helping Australian funds compete internationally, says Harvey Kalman, Executive General Manager Corporate Trustee Services with Equity Trustees.

    Read the full Media Release here


  • Make the most of charitable giving this financial year

    The end of the financial year is a common time for people to think about charitable giving, and the associated tax advantages.

    Those who take an ad-hoc approach may not achieve the social impact they were hoping for, says Tabitha Lovett, General Manager – Philanthropy at Equity Trustees.

    Read the full Media Release here

  • Review Wills on a regular basis to avoid problems

    People who have already written a Will shouldn’t view it as a “set and forget” document but one that needs to be reviewed and updated regularly, said Anna Hacker, National Manager Estate Planning at Equity Trustees.

    People who have already written a Will shouldn’t view it as a “set and forget” document but one that needs to be reviewed and updated regularly, said Anna Hacker, National Manager Estate Planning at Equity Trustees.

    “It can be tempting to cross “write a Will” off your To-Do list once it’s completed and forget about it, but this could be a mistake,” Ms Hacker warned.

    “Sometimes, having a Will that isn’t up to date can create more problems than having no Will at all.  For instance, if a marriage has broken down since the Will was written, it might not automatically mean that the former partner will no longer be involved in the estate administration. 

    Read the full Media Release here.

  • Recognising women philanthropists for IWD

    Although often seen as the domain of wealthy patriarchs, women have historically taken a leading role in the establishment of philanthropic foundations, and women establish close to half of all the philanthropic trusts managed by Equity Trustees.

    Although often seen as the domain of wealthy patriarchs, women have historically taken a leading role in the establishment of philanthropic foundations, and women establish close to half of all the philanthropic trusts managed by Equity Trustees.

    As International Women’s Day approaches (8 March), Tabitha Lovett, General Manager of Philanthropy, outlines the actions of women - both as donors and recipients - of funding.

    “Women tend to outlive men and when they build and inherit wealth they often decide to use it to give back to the community. The clients who establish foundations with Equity Trustees often tell us they do not want to just sit on a fortune but rather see it as a responsibility of their wealth to help others less fortunate and contribute to the greater good” Ms Lovett said.

    Read the full Media Release here.

  • Restructure of corporate services team

    As part of Equity Trustees Corporate Trustee Services’ (CTS) previously announced strategy to focus on its trustee and responsible entity operations, the business has restructured its senior management team.

    As part of Equity Trustees Corporate Trustee Services’ (CTS) previously announced strategy to focus on its trustee and responsible entity operations, the business has restructured its senior management team. 

    As a result, two senior roles have been created to add support to client relationships as well as fund operations.

    Read the full Media Release here.

  • Valentine's Day for de facto and same sex couples

    Red roses and candlelit dinners may be the traditional way to celebrate Valentine’s Day, but a more useful way to demonstrate deep commitment to your partner is to talk about an estate plan, says Equity Trustees National Manager – Estate Planning, Anna Hacker.

    Red roses and candlelit dinners may be the traditional way to celebrate Valentine’s Day, but a more useful way to demonstrate deep commitment to your partner is to talk about an estate plan, says Equity Trustees National Manager – Estate Planning, Anna Hacker.

    “An estate plan which clearly outlines how the one you love is to be looked after if something should happen to you, or defines who can make decisions about your medical care if needed, is useful in any relationship, but particularly important for those in de facto or same sex relationships,” Ms Hacker said.

    “A Will may not seem an obvious accompaniment to Valentine’s Day but recent events have shown that it can be the best and most useful way to highlight the importance of a relationship and ensure a loved one is treated with respect and consideration.

    Read the full Media Release here.

  • Equity Trustees appoints research manager

    Equity Trustees has appointed Ms Emma Pritchard to the newly created position of research and evaluation manager, clearly signalling the Company’s firm commitment to growing private philanthropy in Australia.

    Equity Trustees has appointed Ms Emma Pritchard to the newly created position of research and evaluation manager, clearly signalling the Company’s firm commitment to growing private philanthropy in Australia.

    Equity Trustees distributed more than $70m in the 2015 financial year on behalf of the charitable trusts and foundations for which it is trustee following the wishes and directions of their philanthropic founders.

    Reporting to Equity Trustee’s General Manager, Philanthropy, Tabitha Lovett, Ms Pritchard will be responsible for developing and managing a strategy and framework to better understand and demonstrate the outcomes of grants awarded.

    Ms Lovett, said the grants evaluation function was of increasing importance in the business, with the increasing trend for larger, multi-year grants continuing to highlight the importance of evaluating the benefits of the grant making process.

    Read the full Media Release here.

  • New year, new Will: Estate planning tips for 2016

    New year financial resolutions are common at this time of year, but one overlooked yet important action to take is to sort out Wills and estate plans, says Anna Hacker, National Manager – Estate Planning at Equity Trustees.

    New year financial resolutions are common at this time of year, but one overlooked yet important action to take is to sort out Wills and estate plans, says Anna Hacker, National Manager – Estate Planning at Equity Trustees.

    “A fresh new year may seem like a strange time to be thinking about Wills, but it’s actually a good time to tick this item off your ‘To Do’ list.

    “If you don’t yet have a Will, then it’s a good time to get it sorted.  It’s not something that can continually be put off for “one day” – unfortunately no-one knows precisely when an estate plan will be needed therefore doing it now is the only sensible option.

    “It doesn’t matter how rich you are or even how young you are - anyone who has children, is a member of a superannuation fund or who owns their own home should have an estate plan. Choosing to do nothing is something that your loved ones may end up regretting in the future.

    Read the full Media Release here.

  • Equity Trustees reviews CTS strategy

    Following a strategic review of retail distribution at both Equity Trustees and SG Hiscock & Company (SGH), the businesses have made the joint decision that retail distribution for all SGH and LaSalle funds, previously managed by Equity Trustees, will transition to SGH.

    Following a strategic review of retail distribution at both Equity Trustees and SG Hiscock & Company (SGH), the businesses have made the joint decision that retail distribution for all SGH and LaSalle funds, previously managed by Equity Trustees, will transition to SGH.

    As a result, a number of the members of the Equity Trustees Corporate Trustee Services business unit distribution team, led by Eliza Weaving, will move across to SGH, ensuring a smooth transition for clients and advisers and continued development of the strong business relationship between the two companies.

    Equity Trustees Limited will continue to act as Responsible Entity and Unit Registry for all SGH funds.

    “After undertaking a review of the business’s priorities, we decided the time was right for the change,” said Harvey Kalman, Executive General Manager of Equity Trustees Corporate Trustee Services.

    Read the full Media Release here.

  • AMIT legislation welcome

    The tabling of the Attribution Management Investment Trust Bill (AMIT) in parliament today is to be welcomed as a significant step to help Australian funds compete internationally, says Harvey Kalman, Executive General Manager Corporate Trustee Services, with Equity Trustees.

    The tabling of the Attribution Management Investment Trust Bill (AMIT) in parliament today is to be welcomed as a significant step to help Australian funds compete internationally, says Harvey Kalman, Executive General Manager Corporate Trustee Services, with Equity Trustees.            

    “Changes to the managed investment trust regime are without question positive but the issues hindering the competitive distribution of local trusts globally still need to be addressed,” Mr Kalman said.


    Read the full Media Release here.

  • Can Dementia Be Prevented?

    With people living longer there has been a massive increase in the number of people with dementia which is now being thought of as the end stage of brain failure. But can we prevent dementia by reducing the risk of brain failure?

    With people living longer there has been a massive increase in the number of people with dementia which is now being thought of as the end stage of brain failure. But can we prevent dementia by reducing the risk of brain failure?

    According to Professor Craig Ritchie from the Psychiatry of Ageing at the University of Edinburgh, the answer is a resounding yes but we need to make our brains healthier in mid-life to reduce the probability of getting dementia.

    Prof Ritchie said: “Brain failure is no different in some ways to other health conditions like cardiac failure. Both are often processes taking place over decades before symptoms develop. In cardiac disease we try to reduce the build up of waxy plaque in coronary arteries decades before you might get your heart attack through improved diet, not smoking and weight control. Some people may need drugs or surgery – but all in an attempt to reduce the risk of for example a heart attack”.

    Read the full Media Release here.

  • ChAFTA major opportunity for financial services sector

    In a submission on the China-Australia Free Trade Agreement (ChAFTA) to the Senate Foreign Affairs, Trade and Defence Committee, Equity Trustees Limited has said any agreement should include measures that lead to increased participation in each other’s financial services sector.

    In a submission on the China-Australia Free Trade Agreement (ChAFTA) to the Senate Foreign Affairs, Trade and Defence Committee, Equity Trustees Limited has said any agreement should include measures that lead to increased participation by China and Australia in each other’s financial services sector.

    Commenting on the submission, Harvey Kalman, Executive General Manager Corporate Trustee Services at Equity Trustees, said that Australia is recognised for its innovation and sophistication in the provision and administration of managed fund products.

    “If we can increase recognition, not only in China but throughout Asia, for Australian Financial Services Licenses (AFSL) and Collective Investment Vehicles (CIVs) it will increase the strength of our financial services sector and its ability to compete, benefiting local investors and the economy overall.

    Read the full Media Release here.

  • Childhood Dream Becomes Sky High Reality

    Somerville student Jaryd Wetzel’s aim to fly F-35’s for the Royal Australian Air Force has been boosted by winning the Sir Reginald Ansett Scholarship for Aviation at Swinburne University.

    Somerville student Jaryd Wetzel’s aim to fly F-35’s for the Royal Australian Air Force has been boosted by winning the Sir Reginald Ansett Scholarship for Aviation at Swinburne University.

    The scholarship, established to honour the legacy of aviation pioneer Sir Reginald Ansett, is worth $30,000 over three years of study and awarded each year to a student undertaking a Bachelor of Aviation.

    Jaryd Wetzel said: “Winning the Sir Reginald Ansett scholarship removes the financial stress so I can focus on my flying and give it my very best. It gives me the best opportunity for success”.

    HIs love for flying started from the age of five when his father took him to the Tyabb airport most weekends where he watched the planes take off and land. It propelled him to make model planes and decorate his bedroom with airplane posters.

    “My father was in the Navy and was interested in becoming a pilot but didn’t have the same opportunity as my generation. His ship was stationed with an aircraft carrier which had regular flybys of Navy fighters,” said Jaryd.


    Read the full Media Release here.

  • Dementia costs set to soar warns visiting expert

    If better treatments are not found to prevent dementia the cost to Australia’s healthcare budget as well as the number of people with the disease will soar in the next few decades, according to Professor Craig Ritchie.

    If better treatments are not found to prevent dementia the cost to Australia’s healthcare budget as well as the number of people with the disease will soar in the next few decades, according to Professor Craig Ritchie.

    Ritchie, from the Psychiatry of Ageing at the University of Edinburgh, will be in Melbourne to deliver the Wicking Trust Public Lecture on October 14.

    He says that scientists are closer to a dementia breakthrough than ever before.

    But he warns that we need to make our brains healthier in mid-life to reduce the probability of getting dementia.

    Read the full Media Release here.

  • Equity Trustees adds to WA estate planning team

    Equity Trustees has further expanded its estate planning team in Western Australia with the appointment of Brigitte Hollett as estate planning lawyer.

    Equity Trustees has further expanded its estate planning team in Western Australia with the appointment of Brigitte Hollett as estate planning lawyer.

    It follows the recent appointment of Stephanie Smith as estate planning solicitor which created Equity Trustee’s first dedicated estate planning service in Western Australia.

    Ms Hollett will report to Equity Trustees National Manager-Estate Planning, Anna Hacker, who said that the appointment comes at a time when estate planning is becoming increasingly important.

    “As our population ages, our Estate Planning division must adapt and expand its skillset in order to offer this changing demographic the quality of service that Equity Trustees prides itself on,” Ms Hacker said.

    “We are continuing to invest in the business to ensure we have the resources, knowledge and skills to meet the changing needs of Australians as well as the requirements of those that assist them.

    “In particular, financial advisers must increasingly respond to the demands of Australia’s ageing population as well as the changing requirement of blended families and people having more than one partner during their lifetime. Equity Trustees is well-positioned to assist with this.


    Read the full Media Release here. 

  • Congratulations Rigg Design Prize recipient

    Equity Trustees, managers of the Cicely & Colin Rigg Bequest, the charitable trust supporting the triennial Rigg Design Prize, congratulates Adam Goodrum for receiving the 2015 Prize.

    Equity Trustees, managers of the Cicely & Colin Rigg Bequest, the charitable trust supporting the triennial Rigg Design Prize, congratulates Adam Goodrum for receiving the 2015 Prize.

    The Rigg Design Prize, announced today by the National Gallery of Victoria (NGV), is the most prestigious accolade for contemporary furniture and object design in Australia, awarding $30,000 to an Australian designer.  

    Mr Goodrum won the Rigg Design Prize for his work ‘Unfolding’ which features a series of translucent folding house structures overlaid with a film that makes the structure reflect colourful shimmering images on the gallery walls.

     “We are delighted to be involved in the Rigg Design Prize and congratulate Adam on receiving it for his work ‘Unfolding’ which is a visually stunning piece. We hope people will visit the exhibition at the NGV showcasing the extraordinary designs of all seven Rigg Design Prize entrants, including Adam’s,” said Tabitha Lovett, General Manager of Philanthropy at Equity Trustees.

    Read the full Media Release here.