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Showing 1 - 10 of 15 results for %22AET Corporate Trust%22

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 ...

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 ...

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. ...

IOOF subsidiary loses appeal

ANNABELLE DICKSON  |  FRIDAY, 5 FEB 2021
... expecting net income of roughly $30.5 million, and a net profit after tax of $28.1 million. IOOF sold the AET corporate trust business to Sargon for $51.6 million in 2018 but retained the private trust business.

IOOF abandons AET sale

KANIKA SOOD  |  FRIDAY, 4 DEC 2020
... retail trustee Australian Executor Trustee business. On August 31, IOOF said it had received an expression of interest for AET. "IOOF has considered the expression of interest and confirms that discussions regarding the potential sale of AET ceased," ...

Raiz cuts AET amid Sargon saga

ALLY SELBY  |  MONDAY, 2 MAR 2020
... priority claims owed to employees of around $2 million and intercompany loans of about $75 million. IOOF sold its AET corporate trust business to Sargon in October 2018 $51.6 million. At the time, AET said it was excited to join the now embroiled firm. ...

IOOF expects to reappeal timber case

KANIKA SOOD  |  MONDAY, 30 SEP 2019
... in the amounts sought by him ($82.46 million) minus the receiver costs of about $1.6 million. IOOF sold its AET corporate trust business for $51.6 million to Sargon last year. Liability for any outcome from this case was retained by IOOF. "Sargon acquired ...

Former IOOF company loses court battle in timber scheme

KANIKA SOOD  |  FRIDAY, 27 SEP 2019
... expecting net income of roughly $30.5 million, and a net profit after tax of $28.1 million. IOOF sold its AET corporate trust business for $51.6 million to Sargon last year. Liability for any outcome from this case was retained by IOOF, both companies ...

APRA takes action against IOOF

HARRISON WORLEY  |  FRIDAY, 7 DEC 2018
... director Chris Kelaher and chair George Venardos. IOOF Investment Management Limited (IIML), Australian Executor Trustees (AET) and IOOF have 14 days to respond to a show cause notice issued by APRA. It declares the regulator intends to direct IOOF Investment ...
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