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.
________________________________________
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