EQT adds specialist private wealth management role
Equity Trustees (EQT) has appointed its head of marketing Philip Galagher (pictured) to head up its private clients wealth management business.
Galagher joined EQT in late 2010 in the marketing role and will continue in that role with the new added responsibilities, according to EQT.
Lachlan Wraith had been looking after the wealth management business on an interim basis, but growth in that area led to the responsibilities being assigned to Galagher, allowing Wraith to focus on building the traditional philanthropy, estate planning and personal trusts business, according to EQT managing director Robin Burns.
Galagher’s primary responsibility in the new role will be building EQT’s portfolio management services, Burns said.
EQT anticipated increasing demand for private wealth management as a result of Australia’s ageing population, and has already seen more demand for its personal estates and trusts business under Wraith, Burns said.
Galagher has 40 years of financial services experience, which includes working as an economist in the Reserve Bank of Australia’s economics and research department in Melbourne, as well as IOOF, Commonwealth Funds Management and Tyndall Investments, EQT stated.
AUTHOR
Chris Kennedy
Recommended for you
Financial advice platform Otivo has made an experienced appointment from the US as its head of product strategy.
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.
