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Showing 1 - 10 of 45 results for "AET"

EQT updates on Australian Executor Trustees acquisition

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... confirmed it has completed of one of two key strategies to achieve synergies when it acquired Australian Executor Trustees (AET). At the time of acquisition, Equity Trustees announced its intention to exit the AET platform business and outsource the ...

MSC Trustees acquires Certane Corporate Trust

KARREN VERGARA  |  FRIDAY, 19 JAN 2024
... acquisition and expansion strategy when Insignia, or IOOF as it was known at the time, sold its Australian Executor Trustees (AET) corporate trust business for $51.6 million. That year, Sargon also acquired OneVue's trustee services business - comprising ...

SuperConcepts to take over AET platforms clients

JAMIE WILLIAMSON  |  FRIDAY, 25 AUG 2023
... Australian Executor Trustees' platforms business continue to receive specialist administration services. When EQT acquired AET from Insignia Financial last year, it flagged it intended to exit the platform services space, having primarily acquired ...

Insignia consolidates further, creates Client Wellbeing arm

JAMIE WILLIAMSON  |  THURSDAY, 24 AUG 2023
... revenues, which were 7% lower than in FY22. On a brighter note, net funds flows came in at $667 million, excluding JANA and AET; "That's a $5 billion improvement over two years and that's a really meaningful milestone." Investors will receive a dividend ...

AET divestment drives Insignia profit gain

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
Insignia Financial recorded a 67% increase in net profit after tax for the first half, while also seeing a drop in its funds under management and administration of $5.5 billion. Reported to the ASX today, Insignia's NPAT was $45.1 million, a significant ...

Equity Trustees records solid 1H23 result

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
... recorded $62.8 million in revenues, up 12.3% year on year, reflecting both organic growth and one months' contribution from AET. EQT said this more than offset the impact of negative investment markets in the period. Its underlying net profit after tax ...

CountPlus appoints new chief risk officer

ANDREW MCKEAN  |  MONDAY, 20 FEB 2023
CountPlus has appointed a new chief risk officer from Australian Executor Trustees (AET). CountPlus appointed Lisa Chambers, with the company saying she brings significant commercial risk expertise and a strategic mindset. Previously a general manager ...

Divestments impact Insignia FUMA

ANDREW MCKEAN  |  WEDNESDAY, 25 JAN 2023
... Financial reported an increase in funds under management and administration (FUMA) in Q2 FY23 despite divesting from JANA and AET. Insignia FUMA was $285.1 billion as at 31 December 2022, an increase of $7.4 billion (+2.7%) on a continuing basis, and ...

Chalmers gives Equity Trustees green light on AET

CHLOE WALKER  |  TUESDAY, 15 NOV 2022
... Equity Trustees has received ministerial approval to officially acquire Insignia Financial's Australian Executor Trustees (AET). Approval by treasurer Jim Chalmers was a condition precedent to completion of the $135 million acquisition, which was confirmed ...

Insignia Financial profits jump 59% to $234.5m

CASSANDRA BALDINI  |  THURSDAY, 25 AUG 2022
... funds by one, platforms to one to two and products to 20. As recently announced the sale of its Australian Executor Trustees (AET) business to EQT Holdings Limited (Equity Trustees) was executed for $135 million, with completion expected by end of 2022. ...
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