• EQT Holdings Limited Board changes

    EQT Holdings Limited (ASX: EQT) today announced the appointment of The Hon. Kelly O’Dwyer as a non-executive director to its Board.


    EQT Holdings Limited (ASX: EQT) today announced the appointment of The Hon. Kelly O’Dwyer as a non-executive director to its Board.

    Ms O’Dwyer was the Liberal Party member for the Federal seat of Higgins in the Australian Parliament for nine years, and a former Cabinet Minister. Prior to entering Parliament, Ms O’Dwyer worked in law, government and finance.  She is currently a non-executive director of ASX listed Home Consortium and a member of the School Council of Caulfield Grammar School.

    “Kelly’s track record in leadership and senior roles at the highest level of government is well recorded,” said Chair Carol Schwartz AO.

    “She brings a combination of deep understanding of government and policy, with a focus on economic and tax policy, Australia’s financial regulatory framework, corporate governance, risk and compliance,

     and significant leadership experience. Her experience in reforming the superannuation system and financial services, and her work in the areas of entrepreneurship and innovation will bring new perspectives and ideas to the Equity Trustees board room,” said Ms Schwartz.

    “Ms O’Dwyer brings an exceptional combination of talent and expertise. I welcome her on behalf of the Board of Australia’s leading trustee company and look forward to working with her,” Ms Schwartz said.

    The company also announced that Mr Jim Minto is stepping down from the Board today: “We thank Jim for his significant and valuable contribution to Equity Trustees during his four years of service, including his work as Chair of the Board Risk Committee,” Ms Schwartz concluded. 

    Ms Catherine Robson has been appointed as Chair of the Board Risk Committee and as a member of the Board Audit Committee. Ms O’Dwyer has also been appointed as a member of the Board Risk Committee.

    More about the Equity Trustees Board is available in our Investor Centre online.

    The Managing Director has authorised that this document be given to the ASX.

    Download the ASX Announcement

    ________________________________________

    Further information

    Media

    Alicia Kokocinski

    Senior Manager – Marketing & Communications         

    03 8623 5396 / 0403 172 024

    akokocinski@eqt.com.au

    Scott Hinton

    Vaughan Partners          

    +61 419 114 057

    shinton@vaughanpartners.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, Dublin and London.
  • Equity Trustees Delivers Strong Funds Growth As Earnings rebound on previous half

    Performance confirms strategy and growth momentum

    PERFORMANCE CONFIRMS STRATEGY AND GROWTH MOMENTUM


    • Funds under management, administration and supervision up 27% on previous half to $128 billion
    • Revenue $48.3 million, up 3.7% on previous half and in line with prior comparative period (pcp) ($48.9 million)
    • Net profit $9.8 million, up 27.4% on previous half and down 14.5% vs pcp
    • Underlying NPAT $10.7 million, up 8.7% on previous half and down 6.5% vs pcp
    • Interim dividend 44 cents per share
    • Fulfilling purpose of safeguarding people’s wealth and supporting the community
    • Outlook positive, with industry trends supporting independent fiduciary model

    EQT Holdings Limited (ASX: EQT), the holding company for Equity Trustees, today announced ongoing strong growth in funds under management, administration and supervision (FUMAS), rising 27% to $128 billion during the six months ended 31 December 2020.

    The strong funds growth continued to support earnings as equity markets started to recover during the half, with net profit for the period up 27.4% to $9.8 million, on revenue of $48.3 million, up 3.7%, compared with the previous half. The Board declared an interim dividend of 44 cents per share.

    Chair Carol Schwartz AO said: “Equity Trustees continued to seize the opportunity for growth during a particularly challenging environment.

    “The excellent increase in FUMAS and strong financial turnaround reflect our strategy of investing for growth, as well as the resilience of our people and their commitment to our clients and beneficiaries.

    “While equity markets are recovering, they remain below prior levels, and this has had an impact on our business. However, the industry trend to outsource the fiduciary role continues to benefit us, and both TWS and CTS delivered underlying organic growth during the half.”

    Managing Director Mick O’Brien said the strength of the group’s core business and the substantial investment in people and technology underpinned the result.

    “The ongoing funds growth is very encouraging, as FUMAS is what drives future revenue streams,” he said.

    “Operating expenses were contained, up 3.4% to $33.5 million, continuing to reflect the ongoing investment in people and technology to underpin future growth. Equity Trustees has not applied for or received any Government support during this period.

    Mr O’Brien said stabilising equity markets were positive for earnings, and very good growth in corporate trust and related products provided further opportunities.

    He said the net profit was impacted by two significant items - $1.7 million in M&A project costs and a $0.8 million write-back of a tax provision. Adjusting for these two items would see underlying NPAT of $10.7 million.

    “The ongoing growth in FUMAS and the resilience of our earnings confirm that our strategy is on track,” Mr O’Brien said.

    “Current momentum is encouraging, and we will continue to build capability so we can capitalise on opportunities as they arise and deliver for our clients, shareholders and the broader community.

    “The outlook for FY21 is positive.”

    Ms Schwartz said that Equity Trustees’ position as Australia’s leading fiduciary specialist was as important as ever in current times.

    “The financial services environment is increasingly demanding an independent fiduciary model, and COVID-19’s impact on financial markets is highlighting the benefits of a trusted, stable fiduciary,” she said.

    “The community has higher expectations for corporate behaviour to earn trust.

    “Our core purpose is about safeguarding people’s wealth and supporting the community, and all of our stakeholders will prosper as we continue to focus on this.”

    Download the ASX Announcement

    ________________________________________

    Further information

    Media

    Alicia Kokocinski

    Senior Manager – Marketing & Communications         

    03 8623 5396 / 0403 172 024

    akokocinski@eqt.com.au

    Scott Hinton

    Vaughan Partners          

    +61 419 114 057

    shinton@vaughanpartners.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, Dublin and London.
  • Details for EQT Holdings half year results release and webinar

    EQT Holdings Limited (ASX: EQT) will conduct a webinar presentation for investors following the release of EQT’s Half Year Results on Thursday 18 February 2021.

    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 Half Year Results on Thursday 18 February.

    Webinar:  9.30am – 10.30am  Thursday 18 February 2021


    Registering is required online – Register here.

    Access to a recording of the webcast will be available the next business day at https://eqt.com.au/investor-centre.

    Mick O’Brien, Managing Director, has authorised that this document be given to the ASX.

    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, Dublin and London.
  • Change of Directors and Chair

    EQT Holdings Limited (ASX:EQT) (Equity Trustees) confirms that, as previously flagged to market on 19 August 2020, our Chairman the Hon Jeffrey Kennett AC and long serving Non-Executive Director Alice Williams have retired at the conclusion of the Company’s AGM today in accordance with the Company’s planned succession process.
    EQT Holdings Limited (ASX:EQT) (Equity Trustees) confirms that, as previously flagged to market on 19 August 2020, our Chairman the Hon Jeffrey Kennett AC and long serving Non-Executive Director Alice Williams have retired at the conclusion of the Company’s AGM today in accordance with the Company’s planned succession process.

    Current Non-Executive Director Carol Schwartz was elected as a Director by shareholders at today’s Annual General Meeting and has been appointed by the Board as the new Chair of the Equity Trustees.

    Ms Schwartz said: “Jeff has been at Equity Trustees since 2008 and is known as a dynamic and engaged Chair. Jeff has put his considerable and well-known energy behind a number of high impact initiatives which have further strengthened Equity Trustee’s legacy and reputation, particularly in relation to philanthropic giving.  These achievements are now highlighted in the wonderful Philanthropy Annual Giving Review reports.  Jeff’s tireless work in Victoria, particularly in relation to mental health and Indigenous disadvantage, is also greatly appreciated.”

    She added: “I also wish to acknowledge the commitment of Alice, who has served on this Board since 2007, and has devoted considerable energy and expertise to the Remuneration, Human Resources and Nominations Committee.  I also note Alice’s longstanding service on the Advisory Committee of one of Equity Trustees’ longest served, and oldest philanthropic trusts – the Alfred Felton Bequest.”

    Deputy Chairman, Jim Minto said: “I add my deep thanks to Jeff and Alice for their distinguished and tireless service to this company, as well as to Carol for taking on the pivotal role of Chair of the Equity Trustees group.  Carol has an exceptional background for this role and a reputation for strong integrity and I am very much looking forward to working with her.”

    Mick O’Brien, Managing Director, has authorised that this document be given to the ASX.



    Download the full 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 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.

  • Key Dates

    EQT Holdings Limited (ASX:EQT) (Equity Trustees) advises the following key dates for the second half of 2020.
    EQT Holdings Limited (ASX:EQT) (Equity Trustees) advises the following key dates for the second half of 2020.

    The AGM date has changed to avoid any potential for a clash with the Grand Final public holiday, which is currently anticipated to be Friday, 23 October 2020, although Equity Trustees understands this is still to be confirmed by the Victorian government.

    Final Dividend Ex-Date - Monday, 7 September 2020

    Record Date - Tuesday, 8 September 2020

    Closing Date for the Receipt of Director Nominations - Tuesday, 8 September 2020

    Last Election Date for Dividend Reinvestment Plan - Wednesday, 9 September 2020

    Payment Date - Tuesday, 6 October 2020

    Annual General Meeting - Wednesday, 28 October 2020

    Mick O’Brien, Managing Director, has authorised that this document be given to the ASX.

    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 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, 

  • Equity Trustees delivers strong funds growth in challenging environment

    Growth strategy underpins steady financial performance

    Growth strategy underpins steady financial performance


    • Funds under management, administration and supervision reach $101 billion, 19% higher
    • Revenue up 3.2% to $95.4 million
    • Net profit before tax $30.3 million compared with $31.3 million in FY19  
    • Underlying earnings per share down 5.5% to 102.66 cents
    • Basic earnings per share of 92.95 cents impacted by one-off tax provision
    • Substantial investment in capability underpinning success
    • Capitalising on industry trend to outsource fiduciary role 
    • Final dividend of 43 cents per share; total dividend for the year maintained at 90 cents per share
    • Planned Board succession changes to occur at the Annual General Meeting (AGM)

    EQT Holdings Limited (ASX: EQT) (Equity Trustees), today announced that significant growth in funds under management and supervision (FUMAS) in the year ended 30 June 2020 had largely offset the downturn in equity markets and helped to produce a solid overall result.

    FUMAS broke through $100 billion at year end, rising 19% to $101 billion, and then to $115 billion in August 2020, driven by several significant new client wins that confirmed Equity Trustees’ strategy of investing for growth.

    The increase drove revenue 3% higher to $95 million, with net profit before tax down for the year at $30.3 million, while expenses increased 6%, reflecting the Group’s continued investment in preparing for new business.

    Shareholders will receive a final dividend of 43 cents per share, resulting in the total dividend for the year being unchanged at 90 cents per share.

    Chairman Jeff Kennett AC said: “2020 has been a difficult year for so many parts of society, but I am pleased that Equity Trustees has continued to perform strongly for those for whom we act in matters of Trust: our clients, our shareholders, and for those individuals and organisations we are able to support through philanthropic grants, as a result of the generosity and foresight of benefactors for whom we continue to act.

    “As a trusted specialist fiduciary, EQT has again demonstrated great resilience in one of Australia’s most challenging times and without any government financial support.”

    Managing Director Mick O’Brien said he was particularly pleased with the strong growth in FUMAS and revenue.

    “Our strategy of investing for growth is bearing fruit, with significant new business obtained during the year, adding a range of new, high-quality clients.   All areas of the business performed well and would have delivered even stronger results were it not for the equity market downturn.”

    TWS revenue increased 3%, with a solid underlying performance in the traditional trusts, estates and philanthropy businesses and strong growth in superannuation.

    “The growth in our Superannuation Trustee Office is particularly rewarding as we have been investing heavily and the business is really starting to accelerate,” Mr O’Brien said.

    CTS revenue was up 5%, with a steady performance in Australia supported by the UK/Ireland continuing to build and attract new clients.
    Net profit after tax was down, reflecting the impact of volatile markets, continued investment in people and technology to support future growth, and a tax provision relating to the tax treatment of an acquisition made in the 2011 financial year.

    Mr O’Brien said: “Equity Trustees is in a great position. We have established businesses that are well suited for these challenging times, and we have a number of newer growth businesses, a pipeline of opportunities and a strong balance sheet.

    “While market volatility will continue to influence the Group’s financial performance, the outlook is positive.

    “Demand for our specialist trustee services continues to rise, and our fiduciary skills and high standards of governance are standing us in good stead.”

    Chairman Jeff Kennett further added “As part of good governance and planned Board succession, I and my colleague Alice Williams will step down at the conclusion of the Company’s AGM in October.

    “I thank Alice for extraordinary service to EQT and the rigour she has bought to our deliberations.

    “I am happy to announce that the Board has resolved that Ms Carol Schwartz AO will succeed me as Chair of Equity Trustees, again from the AGM.”

    Ms Schwartz is a non-executive Director of the Reserve Bank of Australia, a Member of the Advisory Board of Qualitas Property Partners, former Chair of Industry Superannuation Property Trust, past director of Stockland Group Limited and experienced philanthropist.  Her full biography is available in the Directors’ Report released today.

    Mr O’Brien said: “Finally, I would like to thank our people. In this incredibly tough year, we have held our own, thanks to their dedication and resilience. The transition to working from home was seamless and enabled the Group to continue fulfilling its trustee obligations and delivering excellent client service.”

    The Equity Trustees Board has authorised that this document be given to the ASX.

    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 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..

  • Details for EQT Holdings full year results release and webinar

    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 on Wednesday 19 August 2020

    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 on Wednesday 19 August 2020

    Webinar:                       9.30am – 10.30am, Wednesday 19 August 2020

                                          Registration required at the link: https://eqt.zoom.us/webinar/register/WN_AIKkpmE8Tw-bx03DwmIbTA

    You have the opportunity to include a question in advance when you register, when you receive the details by email closer to the day, or via the webinar platform during the presentation.

    Access to a recording of the webinar will be emailed to all registrants after the event, and available the next business day at https://eqt.com.au/investor-centre

    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 5372

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

    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.

  • Equity Trustees appointed super trustee for HUB24

    EQT Holdings Ltd (ASX: EQT) (Equity Trustees) today announced its appointment as the trustee for the HUB24 Super Fund, part of HUB24’s investment and superannuation platform.
    EQT Holdings Ltd (ASX: EQT) (Equity Trustees) today announced its appointment as the trustee for the HUB24 Super Fund, part of HUB24’s investment and superannuation platform.

    As part of one of the fastest growing platforms in the market the HUB24 Super fund has $7.9 billion in funds under administration (FUA).¹ 

    Equity Trustees’ Managing Director Mick O’Brien said: “HUB24’s market share has been growing over recent years due to their continued focus on innovation and customer service excellence. The appointment to act as trustee for the HUB24 Super Fund is another great addition to our rapidly growing superannuation trustee business.”

    Andrew Alcock, Managing Director HUB24 commented: “We are delighted to have Equity Trustees provide specialised trustee services and fund governance for the HUB24 Super fund members. We look forward to working with Equity Trustees to deliver our strategic objectives as our business evolves.” 

    The announcement follows Equity Trustees’ appointment to AMP Life’s superannuation funds on 1 July 2020, and several large-scale appointments last financial year, including by AIA to oversee the CMLA (trading as CommInsure) superannuation funds.

    “Despite the challenging environment we have continued to invest in the superannuation trustee business to ensure it is positioned to capture these opportunities,” Mr O’Brien said.

    “We have focused on building the technical and professional capability, with a number of new professionals joining the team in recent months, to ensure we are the preferred independent trustee for Australian institutions, and the investment is paying off.

    “The superannuation industry is increasingly recognising and valuing the role of an independent trustee in ensuring a robust, secure superannuation system and protecting member interests.”

    The appointed trustee will be HTFS Nominees Limited, one of Equity Trustee’s two superannuation entities - the other being Equity Trustees Superannuation Limited.  

    More about Equity Trustees’ Superannuation Trustee Office is available here.

    Mick O’Brien, Managing Director, has authorised that this document be given to the ASX.

    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 5372

    mobrien@eqt.com.au                               pgentry@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 external Fund Managers. Equity Trustees Superannuation Limited (ACN  055 641 757) AFSL 229757 and HTFS Nominees Pty Ltd (ACN 000 880 553) AFSL 232500  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, London and Dublin.

    About HUB24

    The Australian Securities Exchange-listed HUB24 Ltd ABN 87 124 891 685 (ASX: HUB) connects advisers and their clients through innovative solutions that create investment opportunities. The business is focussed on the delivery of the HUB24 platform and the growth of its wholly owned subsidiaries Paragem Pty Ltd, a financial advice licensee,  Agility Applications Pty Ltd and HUBconnect Pty Ltd which provide data, reporting and software services to the Australian stockbroking and wealth management market. HUB24’s award-winning investment and superannuation platform provides broad product choice and a market-leading experience for advisers and their clients. Its flexible technology allows advisers and licensees to customise their platform solution to fit their individual business so they can move faster and smarter. It serves a growing number of respected and high-profile financial services companies. 

    For further information, please visit www.HUB24.com.au

    1.FUA as at 30 June 2020




  • Equity Trustees appointed as superannuation trustee for AMP Life customers

    EQT Holdings Ltd (ASX: EQT) today announced the appointment of Equity Trustees Superannuation Limited as superannuation trustee for AMP Life Limited’s  (AMP Life) superannuation funds.
    EQT Holdings Ltd (ASX: EQT) today announced the appointment of Equity Trustees Superannuation Limited as superannuation trustee for AMP Life Limited’s  (AMP Life) superannuation funds replacing current trustees N M Superannuation Proprietary Limited and AMP Superannuation Limited.

    AMP Life has more than $7 billion invested in these superannuation funds held by more than 340,000 Australians and has been acquired by Resolution Life Group Holdings LP (Resolution Life), a global manager of in force life insurance businesses. 

    Following this appointment, Equity Trustees is now responsible for over $20 billion in superannuation assets for more than 700,000 members overall.

    Equity Trustees Managing Director, Mick O’Brien said: “The appointment to AMP Life confirms Equity Trustees as the leading provider of independent superannuation trustee services in Australia. It also marks another leading financial services firm choosing Equity Trustees to provide its specialist fund governance services.”

    Mr O’Brien said there was an increasing trend to outsource the trustee role amongst superannuation providers in Australia and overseas.

    “The appeal of outsourced specialist oversight of super members’ funds is a growing trend in the wake of the financial services royal commission. Recent market volatility, including unprecedented numbers of people accessing part of their superannuation early, alongside an inherently complex regulatory environment, have also highlighted how a specialist superannuation trustee can deliver value for funds and their members.”

    Equity Trustees has grown to be the market leader in superannuation trustee services and has secured several large-scale appointments this financial year, including the appointment by AIA to oversee the CommInsure superannuation funds.

    Mr O’Brien said the company had been investing significantly by recruiting specialised professionals to its Superannuation Trustee Office to capture the expected growth in industry outsourcing.

    “We aim to be the only choice for large-scale providers with sophisticated needs, who want the best governance structure they can find for their members. That includes global players who want an Australian specialist with deep understanding of the complex regulatory environment,” he said.

    Mr O’Brien said the role of trustee was critical to a robust, secure superannuation system. 

    “The role of trustee has not been well understood, but its value is becoming more appreciated; it must balance technical expertise in the complexities of governance and regulation, with great judgement. This is the essence of being a trustee.”

    Mick O’Brien, Managing Director, has authorised that this document be given to the ASX.

    Download the full ASX Announcement

    ________________________________________

    Media

    Alicia Kokocinski

    General Manager – Marketing & Communications      

    03 8623 5396 / 0403 172 024

    akokocinski@eqt.com.au

    Investors

    Mick O’Brien                                             Philip Gentry

    Managing Director                                    Chief Financial Officer and Chief Operating Officer

    +61 3 8623 5202                                       +61 3 8623 5372

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

    Equity Trustees was established in 1888 for the purpose of providing independent and impartial Trustee and Executor services to help families throughout Australia protect their wealth. As Australia’s leading specialist trustee company, we offer a diverse range of services to individuals, families and corporate clients including asset management, estate planning, philanthropic services and Responsible Entity (RE) services for external Fund Managers. Equity Trustees is the brand name of EQT Holdings Limited (ABN 22 607 797 615) and its subsidiary companies, publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane, Perth and London.

  • Equity Trustees appoints new Company Secretary

    EQT Holdings Limited (ASX: EQT) today announced the appointment of Jennifer Currie as Company Secretary, effective 27 April.

    EQT Holdings Limited (ASX: EQT) today announced the appointment of Jennifer Currie as Company Secretary, effective 27 April. 

    “Ms Currie has broad experience across a range of sectors, including significant experience as Company Secretary for ASX listed entities, and experience as a non-executive director,” said Mick O’Brien, Managing Director, Equity Trustees. “We welcome her addition to our leadership team.”

    Ms Currie’s prior roles include Chief Legal Officer and Company Secretary at Syrah Resources Limited (ASX: SYR), Capitol Health Limited (ASX: CAJ), and the Baker Heart and Diabetes Institute, and she has acted as legal counsel for organisations including Medibank and Telstra. Her Non-Executive Director appointments include Ceridian Australia and Summer Infant Australia. 

    Ms Currie is a Chartered Secretary and Fellow of the Governance Institute of Australia, and has completed post graduate education at the Governance Institute of Australia, the Australian Institute of Company Directors and Oxford University (currently in progress).  She also holds a Master of Laws, and Bachelor of Commerce/Laws (Hons) from Monash University.

    Ms Currie will replace Susan Taylor and Tina Ooi, who both filled the role while recruitment was underway.

    Mick O’Brien, Managing Director, has authorised that this document be given to the ASX.

    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 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.

  • Market Update

    EQT Holdings Ltd [ASX: EQT] provides the following update on the impact of the COVID-19 pandemic on its business and earnings.

    EQT Holdings Ltd [ASX: EQT] provides the following update on the impact of the COVID-19 pandemic on its business and earnings.

    EQT has long term revenue streams and a strong balance sheet with low debt and high levels of liquidity. EQT is operating as usual with employees working both on-site and increasingly from home.

    EQT has previously indicated that FY20 second half earnings growth was expected to improve as revenue from new business grew. It also acknowledged that market volatility would continue to influence outcomes.

    As the majority of EQT revenues are linked to the level of funds under management, administration and supervision, the market downturn is having an adverse impact on earnings and therefore, the previous guidance is no longer appropriate. At this stage, it is not possible to precisely quantify the impact on earnings as markets remain highly volatile.

    As previously communicated, the two primary drivers of market leverage on revenues are:

    • for the Trustee and Wealth Services (TWS) business - approximately 50-60% leverage to the (daily) ASX200; and
    • for the Corporate Trustee Services (CTS) business - approximately 50% leverage to the (daily) global MSCI.

    Revenue is also leveraged to other asset classes.

    The Group is positioned with low gearing, approximately $30 million of cash surplus to regulatory requirements, and $20 million of undrawn committed bank facilities. The Group’s debt facility was renewed in December 2019 and matures in December 2022.

    EQT Managing Director, Mick O’Brien said, “The safety and wellbeing of our employees are a priority and we are taking action across the business to protect them. We are also taking steps to ensure we continue to support our clients, beneficiaries, investors, members and other stakeholders during this challenging time.”

    EQT will continue to provide updates as appropriate.

    Download the full ASX Announcement

    Mick O’Brien, Managing Director has authorised that this document be given to the ASX.


    Further information

    Media

    Alicia Kokocinski

    General Manager – Marketing & Communications      

    03 8623 5396 / 0403 172 024

    akokocinski@eqt.com.au

    Investors

    Mick O’Brien                                            Philip Gentry

    Managing Director                                    Chief Financial Officer and Chief Operating Officer

    +61 3 8623 5202                                       +61 3 8623 5372

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

    Equity Trustees was established in 1888 for the purpose of providing independent and impartial Trustee and Executor services to help families throughout Australia protect their wealth. As Australia’s leading specialist trustee company, we offer a diverse range of services to individuals, families and corporate clients including asset management, estate planning, philanthropic services and Responsible Entity (RE) services for external Fund Managers. Equity Trustees is the brand name of EQT Holdings Limited (ABN 22 607 797 615) and its subsidiary companies, publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane, Perth and London.

  • Carol Schwartz AO joins EQT Holdings Limited Board

    EQT Holdings Limited (ASX: EQT) today announced the appointment of Carol Schwartz AO as a non-executive director to its Board.

    EQT Holdings Limited (ASX: EQT) today announced the appointment of Carol Schwartz AO as a non-executive director to its Board.

    “Ms Schwartz has outstanding leadership credentials and is well known and highly regarded in business and the not-for-profit sector. She has an excellent reputation as an advocate for good governance in every organisation with which she is associated,” said Chairman the Hon. Jeff Kennett AC.

    “She is recognised as an advocate for women in leadership and frequently called on for her insights into social enterprise, business, finance, gender equality and governance,” he said.

    Ms Schwartz is a non-executive director of the Boards of the Reserve Bank of Australia, Qualitas Property Partners and the Trawalla Group. In 2004, she founded the Trawalla Foundation with her family so they could target their philanthropy on funding exceptional individuals and organisations focused on strengthening gender equality, creativity, sustainability and social justice.  Ms Schwartz is also the founding Chair of the Women’s Leadership Institute Australia and also of Our Community – she remains chair of both Boards.

    “I believe in companies that have a purpose beyond commercial success,” said Ms Schwartz. “Equity Trustees is a company that has always existed to put the interests of others first – whether they are the beneficiaries of estates and foundations, members of superannuation funds or investors in managed investment schemes.

    “While it has a strong balance sheet, at its heart, it is a company which helps people take care of the future and provides comfort it will deliver what it promises, whilst balancing the needs of shareholders. I am looking forward to working with this unique organisation,” she said.

    Among the many awards and accolades in her career, in 2019 Ms Schwartz was awarded Queen’s Birthday Honours for her service to the community as a supporter of women in leadership, social justice advocacy and to business. She has an Honorary Doctorate from Monash University, has been inducted into the Australian Property Hall of Fame, made an Honorary Life Member of the Property Council of Australia, was recognised by Ernst & Young as the 2018 Champion of Entrepreneurship, Southern Region and inducted into the Victorian Women’s Honour Roll.

    “Equity Trustees welcomes the considerable energy and unique experience Ms Schwartz will bring to this 131-year-old company. I welcome her on behalf of the Board of Australia’s leading trustee company and look forward to working with her,” Mr Kennett concluded.

    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 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 on growth trajectory

    Deliberate strategy to invest for growth

    Deliberate strategy to invest for growth

    • Funds under management, administration and supervision up 44% on the prior corresponding period (pcp) to $111.1 billion
    • Revenue up 5.6% on pcp to $48.9 million
    • Net profit up 2.3% on pcp to $11.5 million
    • Interim dividend increased 3 cents on pcp to 47 cents per share
    • Investing in people and technology to manage growth
    • Successfully taking opportunities as industry restructures

    EQT Holdings Limited (ASX: EQT), the holding company for Equity Trustees, today announced a 44% increase in funds under management, administration and supervision (FUMAS) to $111.1 billion during the six months ended 31 December 2019.

    Net profit for the period was up 2.3% to $11.5 million, on revenue of $48.9 million, up 5.6%. The Board declared an interim dividend of 47 cents per share, up 3 cents on the 2019 interim dividend.

    Chairman Jeff Kennett AC said Equity Trustees’ strategy of investing for growth was delivering.

    “Equity Trustees has been investing substantially in resources to enable it to capitalise on the change taking place in the financial services industry, where our capability is in demand.

    “We are well positioned to make the most of opportunities as they arise, and the growth in FUMAS is reflecting the investment made.

    “While this has involved higher costs in the short-term as we build our capacity, the long term benefits for Equity Trustees should be significant.”

    Managing Director Mick O’Brien said the market was increasingly recognising Equity Trustees’ strengths as a respected and highly capable trustee.

    “The growth we are reporting reflects endorsement of our capability not only by our customers, but also business and the industry at large,” he said.

    “Higher expenses, up 6.9% to $29.6 million, reflect the investment the company is making, predominantly in people and technology, to underpin future growth.

     “It is pleasing to report that net profit and dividends continued to rise during the half, despite the significant investment we are making.

    “FUMAS was up significantly in both Trustee & Wealth Services and Corporate Trustee Services.

    “Momentum is strong in our core businesses, boosted by appointments with blue chip companies, and we are continuing to capitalise on organic and inorganic opportunities as they arise.

    “Our European expansion is also beginning to deliver, winning large US and UK clients and significantly boosting funds under supervision.

    “While there are very good growth opportunities for Equity Trustees, we are managing the growth and investing prudently to ensure that our values and respected approach are reinforced.”

    Mr Kennett said that changes in financial services markets had seen the values underpinning Equity Trustees, such as independence and trust, become even more important.

    “During the half we established two perpetual charitable trusts with the Business Council of Australia to help communities around the country recover from disaster and emergency events,” he said.

     “Our Annual Giving Program recently reached a new record of $124.3 million of donations across a range of philanthropic causes.

    “We also welcomed a new Director Catherine Robson, who brings her impressive mix of business experience, legal and financial qualifications and a demonstrated commitment to governance in innovative commercial and not-for-profit organisations to the Equity Trustees Board.

    “Our core purpose is about caring for others, and as we continue to follow this, all our stakeholders will prosper.”

    Mr O’Brien said the outlook for the full year was for continued growth, reflecting the favourable industry fundamentals and a promising pipeline of opportunities.

    View Half Year Results Presentation

    Download the full 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 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.

  • EQT Holdings Limited appoints Catherine Robson to the Board

    EQT Holdings Limited (ASX: EQT) today announced the appointment of Catherine Robson as a non-executive director to its Board.

    EQT Holdings Limited (ASX: EQT) today announced the appointment of Catherine Robson as a non-executive director to its Board.

    “Ms Robson has an impressive mix of business experience, high level legal and financial qualifications and a demonstrated commitment to governance in innovative commercial and not-for-profit organisations,” said Chairman the Hon. Jeff Kennett AC.

    Ms Robson’s appointment is effective from 15 February 2020.

    “We are very fortunate that Ms Robson’s experience is combined with an excellent understanding of the Equity Trustees business and our development over the past five years through her work with a number of our Boards and committees,” said Mr Kennett.

    Ms Robson was previously a member of the Equity Trustees Superannuation Limited Board (since 2014) and is a member of both the EQT Board Risk Committee and the Board Remuneration, Human Resources and Nominations Committee.

    After beginning her career with Macquarie Bank, Ms Robson moved to NAB Private Wealth where she spent 11 years as a senior advisor before founding the successful financial service business Affinity Private. She has earned industry awards for her commitment to excellence in the provision of advice, she writes regularly in media outlets, including The Age / Sydney Morning Herald and Money Management, and hosts the women’s leadership podcast ‘Success Stories’.

    Ms Robson’s other Board appointments include SCALE Investors, which invests seed capital in exceptional gender diverse start-ups, and she is chair of portfolio company TalkiPlay. She is a member of the Walter & Eliza Hall Institute of Medical Research Advocacy & Support Committee, Cancer Council Victoria’s Investment Committee and is a member of the Korowa Anglican Girls’ School Council.

    “On behalf of the Board, I congratulate Ms Robson on her appointment. We all look forward to continuing working with her,” Mr Kennett concluded.

    Download the full 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 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.

  • Detail for EQT Holdings Half Year Results release and webinar

    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 Half 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 Half Year Results.

    Results release:            Wednesday 26 February 2020

    Webinar:                       9.30am – 10.30am, Wednesday 26 February 2020

    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 10003526.

    International participant numbers for dialling from outside of Australia, please use one of the below then enter the conference ID 10003526:

    Canada/United States

    1855 881 1339

    New Zealand

    0800 453 055

    Singapore

    800 1012 785

    United Kingdom

    0800 051 8245

    Ireland

    1800 948 625

    Access to a recording of the webcast and the slides from the presentation will be available the next business day at https://eqt.com.au/investor-centre

    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 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 5372

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


  • 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



  • Company Secretary resignation and appointment

    EQT Holdings Limited (ASX: EQT) confirms, pursuant to Listing Rule 3.16.1, the resignation of Ms Carmen Lunderstedt as Company Secretary effective 8 October 2019.  Ms Lunderstedt will be succeeded by Ms Susan Taylor.

    EQT Holdings Limited (ASX: EQT) confirms, pursuant to Listing Rule 3.16.1, the resignation of Ms Carmen Lunderstedt as Company Secretary effective 8 October 2019.  Ms Lunderstedt will be succeeded by Ms Susan Taylor.

    On behalf of the Board and the leadership team, Equity Trustees’ Board Chairman, Jeffrey Kennett, thanked Ms Lunderstedt for her contribution in helping to elevate the Group’s corporate governance practices to reflect high stakeholder expectations and leading market practice, and wished her well with her future endeavours.

    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


    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 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.



  • 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 finalises acquisition of Zurich’s 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.

  • 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 to acquire Zurichs 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

  • Details for EQT Holdings Half 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 Half 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 Half Year Results.

    Results release:              Monday 25 February 2019

    Webinar:                       10am – 11am, Monday 25 February 2019

    Those intending to join the webinar must register here. Those who prefer to listen to the presentation by phone can dial 1800 123 296 (+61 2 8038 5221) then enter the conference ID 4064256. If you are calling from the UK, please dial 0808 234 0757 then enter the conference ID 4064256.

    To ask a question, participants will need to dial *1 (star 1) on their telephone keypad.

    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/investor-centre.

    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.

    Market Capitalisation: ~A505.9m

    Current Share Price: AUD$24.75 (as at 20 February 2019)

    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 5372

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


  • 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

  • Equity Trustees Delivers

    Strong Improvement in shareholder returns, with all stakeholders benefiting.


    Strong improvement in shareholder 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 Full Year 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


  • Blank White

    Full Year Results Report to 30 June 2016

    Annual Financial Report for the financial year ended 30 June 2016.

    Read the full ASX Announcement and Investor Presentation here

    View the 2016 Annual Financial Report and Appendix 4E here

  • Blank White

    Appointment of Director D Glenn Sedgwick

    EQT Holdings Limited (EQT) today announced the appointment of Mr D Glenn Sedgwick as an Independent,
    Non-Executive Director of EQT effective 8 August 2016.  

    Widely regarded as a creative and pragmatic company director and advisor, Mr Sedgwick has more than 30 years’ experience in advising boardrooms of listed and unlisted Australian, Chinese and other Asian enterprises across financial services, and information technology.  

    Read the full ASX Announcement here

  • Blank White

    Appointment of Managing Director

    EQT Holdings Limited today announced the appointment of Mr Michael J O'Brien as the company's Managing Director, with immediate effect.

    EQT Holdings Limited today announced the appointment of Mr Michael J O'Brien as the company's Managing Director, with immediate effect.
    Read the full ASX Announcement here

  • Blank White

    Announcement regarding Mr Terry Ryan, CFO

    Equity Trustees (ASX:EQT) wishes to advise that Terry Ryan, the company’s Chief Financial Officer, will be retiring later this year after over 12 years with the organisation.

    Mr Ryan has indicated that he intends to retire following the completion of the annual reporting processes in order to give the company sufficient time to initiate the process for appointing a replacement.

    During his employment with EQT, Mr Ryan has also acted as the Company Secretary and the Board is grateful for his valued contribution in this role in addition to his responsibilities as CFO.

    Further information will be provided closer to the date of Mr Ryan’s retirement and at that stage the Board will formally note its appreciation for his significant role in the company’s success, growth and development since 2003.


    Read the full ASX Announcement here.

  • Blank White

    EQT Responds to Media Speculation

    In relation to media speculation today, the Equity Trustees Limited (ASX: EQT) Board provides the following response.


    EQT considers a range of potential acquisitions from time to time. As part of these considerations, EQT enters into preliminary discussions with various entities and often determines an indicative value based on publicly available information.

    In the context of the above, today’s market release by Diversa Limited (ASX: DVA) refers to a confidential, incomplete, non-binding, indicative proposal provided by EQT, which is subject to a number of conditions including due diligence.

    There have been no significant developments since providing the proposal and no contractual arrangements have been entered into. Accordingly EQT cautions shareholders to refrain from making any decision based on an assumption that any transaction with Diversa will proceed.

    In accordance with continuous disclosure obligations, EQT will keep the market updated as necessary.


    Read the full ASX Announcement here.

  • Blank White

    Executive changes at Equity Trustees

    Equity Trustees (ASX: EQT) has announced the appointment of Philip Gentry as Chief Financial Officer. Mr Gentry replaces Terry Ryan, who earlier this year advised that he would be retiring at a later date in 2015.

    Mr Gentry has more than 25 years’ experience in leadership positions within financial services, property, agribusiness, international trade, commodities and logistics.  He will commence in the CFO role at Equity Trustees early in the new year when he completes his existing employment obligations.

    The appointment of a new CFO follows the permanent appointment of Geoff Walsh as Chief Risk Officer (CRO) in August, following a period as Interim CRO, and his appointment today as Joint Company Secretary, replacing Terry Ryan in that role. 

    Read the full ASX Announcement here.