Equity Trustees appointed super trustee for HUB24

From

Mick O’Brien

EQT Holdings Ltd (ASX: EQT) (Equity Trustees) has 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.

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