EQT confirms Sandhurst play
Equity Trustees (EQT) has confirmed media reports that it is in discussions with Bendigo and Adelaide Bank with a view to acquiring the estates business of Sandhurst Trustees.
Equity Trustees confirmed the discussions in an announcement released to the Australian Securities Exchange (ASX) today.
Equity Trustees managing director, Mick O'Brien said the firm had been conducting due diligence to assess the strategic and financial merit of combining the two businesses, but that no agreement had so far been reached.
He said the company would keeping the market informed as appropriate.
Recommended for you
Financial advisers have expressed concern about the impact including private market exposure is having on their tracking error budget, according to MSCI.
State Street will restrict its membership of global climate alliance Net Zero Asset Managers after the organisation dropped its flagship 2050 goals amid ESG backlash from the US.
Betashares has launched a global shares and a global infrastructure ETF as part of the firm’s strategic expansion strategy to support financial advisers in building more diversified portfolios.
Global asset manager Janus Henderson could be acquired after receiving a non-binding acquisition proposal jointly from a private investment firm and venture capital firm.
