HUB24 to provide custody, admin to EQT
Platform provider, HUB24 has announced it has entered into agreement to provide Equity Trustees (EQT) with custodial platform administration and technology solutions for EQT and AET trustee services clients.
The scope of the agreement will cover staged large transitions totalling approximately $4 billion funds under advice (FUA) over the next 18 months.
The company said in the announcement made to the Australian Securities Exchange (ASX) that the current platform FUA target guidance of $80-$89 billion at FY24 would remain unchanged.
According to the announcement, subject to detailed planning and final agreements being completed, HUB24 will provide further updates regarding the deal.
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