Equity Trustees has appointed a new non-executive director to its superannuation trustee business as the company achieves a significant milestone, surpassing $60 billion in funds under supervision (FUS). The independent trustee business reached the $50 billion FUS mark in September of the previous year and has now exceeded $60 billion in FUS. This achievement solidifies its position as a trusted overseer of products and funds for nearly 800,000 members. The milestone follows the announcement of two trustee appointments earlier this year.
Suzanne Holden joins Equity Trustees as a non-executive director, bringing with her a wealth of experience in financial services and transportation sectors. Her previous roles include Acting CEO at Sydney Trains from 2019 to 2022 and various operational and leadership positions at British Airways and Qantas over a span of two decades. Holden transitioned to financial services, serving as COO at Link Group from 2010 to 2015 and CEO of Link Fund Administration from 2015 to 2018. During her tenure as CEO of Link, she also served as a Director of ASFA.
Holden's appointment underscores Equity Trustees' commitment to strengthening its leadership team with seasoned professionals from diverse backgrounds. With her extensive experience and industry knowledge, Holden is poised to contribute significantly to the strategic direction and governance of the superannuation trustee business. Her addition to the board reflects the company's dedication to providing robust oversight and value to its members as it continues to grow and evolve.
“The superannuation part of our business has been performing strongly as the value of an independent trustee for superannuation fund model finds resonance in the industry. Reaching the $60 billion milestone in a few short months can be attributed to organic growth from recent appointments, as well as the overall portfolio being in a strong net funds flow position,” said Mick O’Brien, Managing Director of Equity Trustees.
“Strategic and well considered appointments are an important part of maintaining the strong foundations of the business. Capability in complex governance requirements and technical understanding of the range and depth of superannuation fund types are critical attributes for our Board directors – Ms Holden brings all of these capabilities and we congratulate her on this appointment,” he said.
Ms. Holden has been named to the boards of both Equity Trustees Superannuation Limited and HTFS Nominees Pty Ltd, part of the Equity Trustees superannuation services business.
Source: Equity Trustees
