Two Australia-based businesses 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
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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