EQT (EQT) ASX CEO Connect September 2025 summary

Company overview and market position

• Established in 1888, supervises over $250 billion in assets, ranking fifth in Australia by assets under supervision, excluding government entities.

• Operates with 460 staff, supporting over 260 fund managers and protecting interests of 800,000 individuals nationwide.

• Two main business lines: Trustee Wealth Services (private clients) and Corporate & Superannuation Trustee Services (corporate clients).

• Recent acquisition of Australian Executor Trustees expanded market leadership, especially in Adelaide and Perth.

Business segments and services

• Private client business includes philanthropy ($3B+), health/personal injury ($4B+), estate management, estate planning, and continuing trusts.

• Asset management team manages $6B, focusing on capital appreciation and income for private client trusts.

• Corporate & Superannuation Trustee Services lead in responsible entity services, with $140B under supervision and a fast-growing superannuation business ($90B+).

• Only provider of trusteeship for small APRA funds in Australia.

Growth drivers and market trends

• Demographic shifts, especially the doubling of the over-80s cohort and $3.5T in generational wealth transfer, drive demand for trustee services.

• Health and injury sector and First Nations financial empowerment are key growth areas.

• Superannuation market ($4.2T) grows with mandated 12% contributions, supporting long-term business growth.

• Regulatory complexity increases demand for independent trustee services.