The superannuation business of Equity Trustees has crossed the $60 billion funds under supervision (FUS) milestone, overseeing the management of products and funds for nearly 800,000 members.
It came on the heels of two trustee appointments announced earlier this year.
In January, Equity Trustees was named superannuation trustee of ClearView Retirement Plan and Guild Retirement Fund, with the latter transitioning over as part of existing client Future Group’s acquisition of Guild’s superannuation business in December 2023.
The two funds provided an additional $5 billion in funds under supervision and some 110,000 super fund members.
“The superannuation part of our business has been performing strongly as the value of an independent trustee for superannuation fund model finds resonance in the industry,” said Mick O’Brien, managing director of Equity Trustees.
“Reaching the $60 billion milestone in a few short months can be attributed to organic growth from recent appointments, as well as the overall portfolio being in a strong net funds flow position.”
Equity Trustees also announced a new board appointment, welcoming Suzanne Holden, non-executive director to its superannuation trustee business.
She will join the two boards of the Equity Trustees superannuation services business – Equity Trustees Superannuation Limited and HTFS Nominees Pty Ltd.
According to O’Brien, such strategic appointments are “an important part of maintaining the strong foundations of the business”.
“Capability in complex governance requirements and technical understanding of the range and depth of superannuation fund types are critical attributes for our board directors – Ms Holden brings all of these capabilities and we congratulate her on this appointment,” he said.
Most recently, Holden was at Sydney Trains for over two years, serving as acting chief executive and then deputy CEO.
She was interim group executive for member growth at $160 billion fund Aware Super for over a year and director at the Association of Superannuation Funds of Australia (ASFA) for three and a half years.
Holden has also previously held the roles of CEO at Link Fund Administration and chief operating officer at Link Group.
Holden’s résumé also includes two decades at British Airways and Qantas in operation and leadership roles.
