Four members of the Corporate Trustees Services (CTS) team at Equity Trustees have been promoted into more senior roles after an outstanding year for Australia’s largest responsible entity (RE) service provider.
The high margin business for Equity Trustees has maintained steady year on year growth, with FY16 results showing an 18.7% increase in funds under supervision over the previous year – now totalling around $60b.
“We’re now providing RE service to 96 managers – a 17% increase on last financial year, and 212 funds. So we need our world class team doing great work for an ever expanding group of clients who recognise the value of an independent RE,” said Harvey Kalman, Executive General Manager, CTS.
“I congratulate our entire team for the result we’ve achieved this year, and congratulate those who have been promoted to more senior positions,” he said.
Promotions included Alex Phiong, now Senior Associate, Relationship and Oversights, Ryan Watts now Senior Fund Administrator, and David Ziatas and Jim Alateras both now Senior Accountants.
Positioned in the ASX 300 and well placed in the region to service the expanding fund manager market in Asia, Mr Kalman said the team had set its sights on Asia.
“We are currently providing Australian services to a growing list of clients with bases in Singapore and Hong Kong. With the depth of expertise and talent in our team, we have our sights set on meeting that growing demand for Australian RE, trustee and corporate trustee services in the Asia region,” he concluded.
