Equity Trustees selected to work with Octopus

equity-trustees/

4 May 2022
| By Liam Cormican |
image
image image
expand image

Equity Trustees has been selected to provide both custodian and trustee services to clean energy investor Octopus Australia.

The local subsidiary of Octopus Group, one of the largest owners of renewable energy projects in Australia and Europe, Octopus entered Australia in 2018 and managed $1 billion in assets under construction and operations on behalf of its investors.

Octopus had invested in the Gippsland Renewable Energy Park, a 3,000-hectare site which was part of a joint venture between the Clean Energy Finance Corporation and would be built in the heart of the proposed Gippsland Renewable Energy Zone, comprising solar, wind and battery storage investments.

Russell Beasley, executive general manager, corporate trustee services, Equity Trustees said: “We are delighted to be the custodian and trustee for the Octopus Australia-managed platform.

“We’re servicing a growing number of platforms geared towards more sustainable outcomes which benefit the broader community. Equity Trustees’ years of experience as a corporate fiduciary means we are the best fit for clients like Octopus Investments who need an expert custodial and corporate trustee service.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

6 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

6 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

8 months 1 week ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

4 weeks 1 day ago

Despite the financial adviser exam being rooted in ethics, two professional year advisers believe the lack of support and transparency from the regulator around the exam ...

3 weeks ago

Australian retirees could increase their projected annual incomes by as much as 51 per cent through comprehensive financial advice, according to a Vanguard study, but cos...

2 weeks 6 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
3