EQT seeks big expansion of private wealth | Australian Markets

EQT Group has poached GQG Partner’s wholesale markets head to steer its native growing private wealth perform in Australia.

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

In his new position, Bullock will oversee EQT’s private wealth initiatives in Australia, together with EQT Nexus, a international investment platform for the firm’s particular person and institutional wholesale traders as soon as the protect of the firm’s institutional purchasers. Launched in 2023, EQT pitches the platform as an “evergreen investment strategy”.

He will even have a broader remit to advance and improve 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 on to Sueann Yeo, EQT’s head of Asia Pacific private wealth.

An skilled wealth industry skilled with 15 years within the industry, Bullock most lately served as head of wholesale markets at GQG Partners, a place he held for practically six years.

EQT recognised his “instrumental” position 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 additionally held senior roles at Colonial First State and was business development supervisor at Magellan Asset Management.

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

“Australia’s substantial and growing private wealth market, coupled with an growing urge for food for various 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.”