Equity Trustees to acquire Australian Executor Trustees for A$135m

Equity Trustees, a provider of in-house asset management services, agreed to acquire Australian Executor Trustees, a non-government provider of professional trustee services, for A$135m ($93m). “AET is a strong strategic fit with Equity Trustees. The business is highly complementary and provides geographic diversity, establishing a presence in Adelaide and significantly increasing our presence in Western Australia, as well as expanding our presence in Queensland and New South Wales," Mick O’Brien, EQT Managing Director.