Former GQG wholesale director joins private equity firm
GQG’s former director of wholesale markets, Daniel Bullock, has taken up a new role leading private wealth at a global investment company.
Bullock first joined GQG in July 2019 and spent more than five years in the wholesale markets director position, developing and executing the go-to-market strategy for the Australian wholesale business.
In this role, he raised more than $5 billion in assets under management (AUM) and built a network with key industry stakeholders, such as private wealth managers, financial advisers, and family offices.
Bullock has now joined EQT as its head of private wealth for Australia, based in Sydney and reporting to Sueann Yeo, EQT’s head of Asia-Pacific private wealth.
EQT is a global investment organisation with €269 billion ($460 billion) in total AUM and owns portfolio companies and assets in Europe, Asia-Pacific, and the Americas.
As its Australian private wealth head, Bullock will play an important role in enhancing EQT’s strategy of expanding its private wealth footprint in Australia.
In particular, he will oversee EQT’s private wealth initiatives in Australia. This includes EQT Nexus that was launched in May 2023 – the company’s evergreen investment strategy for private investors.
His appointment reflects the firm’s aim to bolster its private wealth presence in Australia, which EQT recognises as a fast-growing and sophisticated investor market.
Yeo welcomed Bullock to the company, commenting: “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.”
Meanwhile, Bullock said: “EQT is the world’s third-largest private equity firm, built on decades of expertise and an active ownership approach to drive long-term value creation.
“I am thrilled to build upon EQT’s private wealth strategy in Australia and to collaborate with local distributors and partners to expand access to private market investments for a broader range of individual investors.”
The incoming private wealth head brings over 15 years of experience working in financial services and wealth management.
Prior to his time spent at GQG, Bullock was a business development manager at Magellan Asset Management and an investment specialist at Colonial First State.
AUTHOR
Jasmine Siljic
Recommended for you
Lonsec and SQM Research have highlighted manager selection as a crucial risk for financial advisers when it comes to private market investments, particularly due to the clear performance dispersion.
Macquarie Asset Management has indicated its desire to commit the fast-growing wealth business in Australia by divesting part of its public investment business to Japanese investment bank Nomura.
Australia’s “sophisticated” financial services industry is a magnet for offshore fund managers, according to a global firm.
The latest Morningstar asset manager survey believes ETF providers are likely to retain the market share they have gained from active managers.
