EQT seeks big expansion of private wealth footprint in Australia with senior appointment

EQT Group has poached GQG Partner’s wholesale markets head to lead its local growing private wealth function in Australia.

Daniel Bullock, who takes the title of head of private wealth, Australia, will be tasked with advancing the European investment giant’s private wealth footprint in Australia.

In his new role, Bullock will oversee EQT’s private wealth initiatives in Australia, including EQT Nexus, a global investment platform for the firm’s individual and institutional wholesale investors once the preserve of the firm’s institutional clients. Launched in 2023, EQT pitches the platform as an “evergreen investment strategy”.

He will also have a broader remit to advance and enhance EQT’s private wealth presence in Australia, which the firm recognises “as a fast-growing and sophisticated investor market”.

Based in Sydney, Bullock will report directly to Sueann Yeo, EQT’s head of Asia Pacific private wealth.

An experienced wealth industry professional with 15 years in the industry, Bullock most recently served as head of wholesale markets at GQG Partners, a position he held for nearly six years.

EQT recognised his “instrumental” role in developing and executing GQG’s go-to-market strategy for the Australian wholesale business.

“Under his leadership, Dan successfully raised over $5 billion in assets under management, building a strong network with key industry stakeholders, including private wealth managers, financial advisors, and family offices.”

Prior to GQG Partners, he also held senior roles at Colonial First State and was business development manager at Magellan Asset Management.

Commenting on the appointment, Yeo said the firm was “delighted” to welcome Bullock to EQT as it continues to expand its private wealth business in Australia.

“Australia’s substantial and growing private wealth market, coupled with an increasing appetite for alternative investments makes it a core market for us.

“With deep industry relationships and a track record of raising significant capital in the region, Dan is a valuable addition to our growing private wealth team at EQT. We look forward to his contributions as we continue to expand our local presence with EQT Nexus in this space.”